Emirates places mammoth order
10 / 06 / 2010
AIRFREIGHT yields have risen significantly, capacity is being held in check and freighter airlines are making money again, after the worst year in history. All is right with the world again – but for how long?
In 2009 it was widely reported that Dubai was on the edge of financial catastrophy and the emirate’s massive expansion, funded by investors and banks, had come to an abrupt end. If so, no one has told Emirates.
The airline announced on 8 June that it had signed a deal for 32 additional A380s, bringing the total to 90. The deal, worth US$11.5 billion at list prices, is only a small portion of the aircraft the airline currently has on order that includes 48 A380s, 70 A350s, 18 B777-300s and seven widebody freighters. These 148 aircraft are worth more than $48 billion at list prices and represent a huge leap in bellyhold capacity the airline will offer.
For the full story read the latest free digital edition of Air Cargo News, dated 14 June, here.