Airbus lands $30 billion in new orders from Emirates & Air Arabia
Airbus has secured two massive orders from airlines based in the UAE.
Emirates has signed a deal to buy 50 Airbus planes worth a total of $16 billion.
The carrier announced the order of 50 Airbus A350s at the Dubai Air Show on Monday.
Sheikh Ahmed bin Saeed Al Maktoum, chairman of Emirates, said the deal replaces a $21 billion agreement struck in February to purchase 70 Airbus aircraft.
The news comes 9-months after Airbus announced it will end production of the A380 superjumbo, due to Emirates reducing an outstanding order for 53 planes to only 14.
Airbus also received an order on Monday for 120 planes for its A320 and A321 Neo planes from budget carrier Air Arabia.
That deal is reported to be worth $14 billion.
In other news, Airbus’ rival Boeing is seeking to reassure potential buyers that its 737 Max will soon return to service.
Last week, United Airlines joined Southwest and American in delaying the 737 Max return until March 2020.