Emirates airlines completes paperwork for airbus shopping binge
Emirates Airline has finalised paperwork on its $23 billion order for 50 Airbus A380s that was announced at the Dubai Airshow last month.Tim Clark, President of Emirates Airline, signed the firm contract in a recent visit to Airbus headquarters in Toulouse, France, according to an Airbus statement.The airline previously said it expects to take delivery of half of this order before the first quarter of 2018.
Emirates’ total A380 order sits at 140 and since taking delivery of its first A380 in July and following a twin delivery this month Emirates’ superjumbo fleet has grown to the largest in the world with 44 A380s in operation. Meanwhile, Novus Aviation Capital said in a statement on Monday that it had closed a finance lease with Emirates for two A380-800s, which in list prices are in excess of $800.
Emirates did not respond to requests for comment on the Novus announcement.The deal comes from Tamweel Aviation Finance (TAF), a joint venture between Novus, Airbus and the Development Bank of Japan (DBJ) and managed by Novus.Financing was provided by a number of regional and international banks including National bank of Abu Dhabi (NBAD) and Union National Bank,