Emirates fleet

Emirates Airlines Ordered Aircrafts for USD 16 Billion

Emirates Airlines has signed a $ 16 billion deal for the purchase of 36 Airbus A380 aircrafts a few days after the European company reported that due to lack of orders it could stop producing those machines.

The company announced they have received rigid orders for 20 of the big planes with options for 16 more. Deliveries are scheduled to begin in 2020, reported BGNews.

New sales back down to earth at Dubai airshow

The Dubai Airshow took off yesterday to a slow start amid expectations for a record low in sales as the Gulf's main airlines have already placed large orders with major manufacturers.

"Due to large previous orders, the total show order tally this year will be much less than years prior," said Ben Moores, senior analyst at IHS Aerospace, Defense & Security.

Airbus increases 20-year jet demand forecast

Planemaker Airbus increased its 20-year forecast for jet demand by nearly 4 percent on June 15, driven by growth in emerging markets in the Asia-Pacific region and China.

Airbus sees demand for 32,600 new planes worth nearly $5 trillion, up from a previous forecast in September for 31,358 planes worth $4.6 trillion, it said at the Paris Airshow.