💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Bloomberg: Emirates considering deal for 20 more Airbus superjumbos

Published 06/07/2017, 11:22 AM
© Reuters.  Bloomberg: Emirates considering deal for 20 more Airbus superjumbos
AIR
-
EADSY
-
  • Emirates is in talks to buy 20 additional Airbus (OTCPK:EADSF, OTCPK:EADSY) A380 superjumbo jets, potentially handing a lifeline in prolonging a program that has been dogged by slow sales, Bloomberg reports.
  • The contract would be worth $8.7B before discounts, although Airbus may be required to commit to measures to make the plane more efficient, and it has not been established exactly how many aircraft Emirates requires, according to the report.
  • An agreement to acquire the planes before the end of 2017 for deliveries starting in 2020 would hand Airbus a lifeline in maintaining production at a level where it can break even on each jet, after the company warned earlier this week it would have to cut output further in the absence of new orders this year.
  • Now read: Can Taser Continue To Electrify Profits?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.