Emirates wants to buy 120 super-jumbos

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Emirates Airlines, the Dubai-based airline, wants to buy a total of 120 Airbus A380s. These suckers have an average price tag of $325 mln a pop. Assuming they pay list price, that would total a cool EUR 28 bln….

Emirates also says it is working with Boeing on replacing its fleet of 777s.

These things take years to build, so any immediate impact on the euro would be modest, but it would be a macro plus for the euro zone if it comes to fruition.

2010-10-12T14:51:57+0000

All|Americas|Market Rumors|Regions

EUR/USD

Jamie Coleman

12 Comments

  1. how many flippin’ aircraft does Emirates Air really need?

  2. i guess they’re really banking on hyperinflation.

  3. Dubai likes to do things in a big way…ended in tears last time…

  4. Jamie, I went “WTF”. 120 million A380? that would cost more considerably more than 28bln. I need to lie down now.

  5. leasing

  6. That’s 120 not 120 million, right?

  7. 120, 120 mln…what’s the diff? ;)

  8. In a way, I can’t wait to see the expression on all of their faces when oil becomes obsolete…

  9. all electric aircraft are beginning to be taken seriously in aviation circles but that is an even farther stretch than all electric ground vehicles replacing petro powered ones

  10. oil will never be obselete

  11. So correct Jahed! Until there’s a full fledged alternative… Its just a matter of time. ;) Just drill and sell is not a strategy that will last forever…

  12. That would’ve constituted a major oil field find… :-)

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