Emirates firmed up an earlier memorandum of understanding (MoU) with Airbus and signed a contract for 20 A380s yesterday with a further 16 options to be confirmed at a later date.
The total agreement for the 36 aircraft is valued at $16 billion based on latest list prices. Deliveries are to start as early as 2020.
This is a boost for the world’s largest commercial aircraft programme as Airbus had previously said it would have to end production of the A380 if it failed to secure the deal with the Dubai-based carrier.
The agreement was signed at the World Government Summit in Dubai by HH Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates and Mikail Houari, Airbus president for Africa and Middle East.
Saeed Al Maktoum, said: “This agreement underscores our commitment to the A380 programme, providing stability to the A380 production line and supporting thousands of high-value jobs across the aviation supply chain.
“For Emirates, the A380 has been a successful aircraft for our customers, our operations, and our brand.
We look forward to continue working with Airbus to further enhance the aircraft and onboard product.”
There are 222 A380s currently being operated by 13 airlines across the commercial aviation industry and Emirates is the largest operator.