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Airbus Handed A380 Lifeline With $16 Billion Emirates Order

  • Gulf giant agrees to buy as many 36 superjumbo aircraft
  • Deal set to extend program for at least another decade
Bloomberg business news
Airbus Secures Emirates A380s Order Worth $16 Billion
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Airbus SE pulled its flagship A380 superjumbo back from the brink with a follow-up order from Emirates, giving the giant jet a new lease of life days after the planemaker floated the possibility of killing it off amid slack demand.

The Dubai-based carrier, already the biggest A380 customer, signed an outline agreement for 20 of the double-deckers with an option to buy 16 more, worth a potential $16 billion at list prices, it said Thursday, handing Airbus the first orders for the model in more than two years.