Emirates places AED 59 billion order for Airbus jets

Supplied

Emirate Airline has confirmed an order for 50 Airbus A350 wide-body jets at the Dubai Airshow.

The deal is said to be worth $16 billion (around AED 59 Billion).

Deliveries of the new aircraft are expected to begin in 2023.

The newest generation A350 powered by Rolls Royce engines promise 25 per cent lower operating costs, as well as 25 per cent reduction in fuel burn and CO2 emissions compared with previous-generation competing aircraft.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, said: "Complementing our A380s and 777s, the A350s will give us added operational flexibility in terms of capacity, range and deployment."

More from Business News

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

  • Wall Street futures sink as tariffs fuel recession fears

    US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.

On Virgin Radio today

Trending on Virgin Radio