Airbus Faces Tricky Hurdles Over Stalled A380 Emirates Deal (excerpt)
(Source: Reuters; published Nov 19, 2017)
By Tim Hepher, Alexander Cornwell
DUBAI --- A preliminary deal to sell 36 A380s to Emirates blew up in an Airbus hospitality chalet, moments before the Gulf carrier was expected to shower $30 billion on the planemaker and its U.S. rival Boeing at the start of last week’s Dubai Airshow.

Two top Emirates officials broke the news to Airbus CEO Tom Enders and his sales chief John Leahy that the widely expected $16 billion deal would not be signed that day, leaving uncertainty over the future of the world’s largest jetliner.

The halt came so swiftly that Airbus PR executives who were already in place for a double-signing ceremony a hundred yards away found themselves awkwardly among the audience as Boeing walked away with the sole Emirates order, worth $15 billion.

The unusual stumble in slick air show choreography highlights problems over timing and trust that may even now complicate a deal between Airbus and Emirates, people aware of the matter said.

One of the closest and most successful relations in aviation is looking bruised and throws up new complications for Airbus just as it struggles to maintain business as usual at a time when it faces British and French compliance probes. (end of excerpt)


Click here for the full story, on the Reuters website.

-ends-







prev next

Official reports See all