Emirates, holding out for assurances about Airbus’ A380 future program before committing to a US$8 billion order.
While Airbus is pushing for a US$8 billion deal at November’s air show in Dubai, emirates is concern that the value of used A380s will plummet if the slow-selling model is canceled. Emirates President, Tim Clark, said in an interview Thursday.
“I know they would like us to do something,” Clark said in London. “At the moment we are not at that state of readiness. We need copper-bottomed undertakings that they would do everything they needed to do to keep the program going. We don’t want to be left with aircraft that have no value.”
Airbus announced in July that it will slash A380 production to eight jets a year in 2019, down from 15 this year and 28 in 2016, casting doubt over the model’s future.
Emirates is the No. 1 buyer of A380s, with 97 in operation out of firm orders and commitments for more than 140 planes. The model has a list price of US$436.9 million, though key customers can get big discounts.
Emirates is exploring the upgrade with a view to buying 20 more planes, though Clark – who originally campaigned for a more significant upgrade featuring new engines – has said he doesn’t need the extra capacity.