Emirates chairman warns of 'tough' second half
DUBAI - Dubai state-owned airline Emirates chairman Sheikh Ahmed bin Saeed al-Maktoum said on Monday the airline will face a tough second half of the company's financial year.
"There are headwinds, all the time changing... This year has been tough. It will be tough," he said.
The Dubai-based carrier announced it would be buying 20 additional wide-body Airbus A350s, bringing its total order for the aircraft to 50 in a deal worth $16 billion at list price.
The announcement by the Emirates was among the first major purchasing agreements to be unveiled at the biennial Dubai Airshow this year amid a slowdown in mega purchases by the Middle East’s big Gulf airlines.
It essentially confirms a February order for 30 of the A350-900 planes that Emirates had announced that month and tacks on another 20 of Airbus’ newest generation wide-body aircraft, bringing the total to 50.
Sheikh Ahmed said the new deal “replaced” February’s agreement for an intent to purchase 70 Airbus aircraft, which had included 40 of the A330neo. That deal was valued around $21.4 billion.