Capt737AA
25th Jan 2007, 03:35
Brought this over from the front page... Cut and paste.
his was taken out of todays gulf news
******************
Emirates denies plan for new Boeing 777 order
Staff Report
Dubai: Emirates, the secondbiggest Arab airline, yesterday denied a report saying it has plans to order an additional 12 Boeing 777-300ERs valued at $3 billion.
A Bloomberg report earlier said that the planned purchase was because of the delays on the Airbus A380 superjumbo jet, quoting vice-chairman Maurice Flanagan.
"We've ordered 54 777-300ERs already to help us plug the gap left by the A380 on routes like New York, Sydney and Melbourne," Flanagan said in Davos, Switzerland. "We're now going to order 12 more 777-300ERs for delivery hopefully in 2008 for the same reason."
The airline has 45 of Airbus's 555-seat A380 on order, making the airline the biggest customer for the plane. Deliveries of the first A380s are running two years late. The airline now expects its A380 deliveries to start in August 2008, rather than April 2007, with the planes starting commercial service in the last two months of 2008.
The Boeing order is "imminent," Flanagan said. The delay from the A380 affects the airline's plans to fly to St Petersburg, Kiev, Madrid and Barcelona. The carrier is seeking compensation from Airbus to make up for the revenue lost through the delays.
"We won't be modest in our demands," Flanagan said. "When we get our first A380 we should have had 18, a huge hit on the airline and on its revenue producing capability."
Emirates has a cash balance of $3 billion at the moment so doesn't need to borrow to finance fleet expansion. In April at the end of its financial year, the airline will announce profits higher than last year's, Flanagan said, declining to be specific.
The planemaker is also looking to buy as many as 100 airliners in the 300-seat category and is considering both Airbus's A350 XWB and Boeing Co.'s competing 787, Flanagan said.
"We'll make our minds up on this order when we're entirely clear on what these models offer," he said. "We're not clear on the A350 widebody yet. We expect a clear picture from Airbus in a few months."
European Aeronautic, Defence & Space, the parent company of Toulouse, France-based Airbus, said January 17 that it will take charges for penalty payments to customers, writedowns of assets and the cost of a reorganisation in 2006 instead of 2007 as expected, producing a loss before interest and tax at the planemaking unit.
his was taken out of todays gulf news
******************
Emirates denies plan for new Boeing 777 order
Staff Report
Dubai: Emirates, the secondbiggest Arab airline, yesterday denied a report saying it has plans to order an additional 12 Boeing 777-300ERs valued at $3 billion.
A Bloomberg report earlier said that the planned purchase was because of the delays on the Airbus A380 superjumbo jet, quoting vice-chairman Maurice Flanagan.
"We've ordered 54 777-300ERs already to help us plug the gap left by the A380 on routes like New York, Sydney and Melbourne," Flanagan said in Davos, Switzerland. "We're now going to order 12 more 777-300ERs for delivery hopefully in 2008 for the same reason."
The airline has 45 of Airbus's 555-seat A380 on order, making the airline the biggest customer for the plane. Deliveries of the first A380s are running two years late. The airline now expects its A380 deliveries to start in August 2008, rather than April 2007, with the planes starting commercial service in the last two months of 2008.
The Boeing order is "imminent," Flanagan said. The delay from the A380 affects the airline's plans to fly to St Petersburg, Kiev, Madrid and Barcelona. The carrier is seeking compensation from Airbus to make up for the revenue lost through the delays.
"We won't be modest in our demands," Flanagan said. "When we get our first A380 we should have had 18, a huge hit on the airline and on its revenue producing capability."
Emirates has a cash balance of $3 billion at the moment so doesn't need to borrow to finance fleet expansion. In April at the end of its financial year, the airline will announce profits higher than last year's, Flanagan said, declining to be specific.
The planemaker is also looking to buy as many as 100 airliners in the 300-seat category and is considering both Airbus's A350 XWB and Boeing Co.'s competing 787, Flanagan said.
"We'll make our minds up on this order when we're entirely clear on what these models offer," he said. "We're not clear on the A350 widebody yet. We expect a clear picture from Airbus in a few months."
European Aeronautic, Defence & Space, the parent company of Toulouse, France-based Airbus, said January 17 that it will take charges for penalty payments to customers, writedowns of assets and the cost of a reorganisation in 2006 instead of 2007 as expected, producing a loss before interest and tax at the planemaking unit.