The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 15, 2025
Today: January 15, 2025

Airbus nears compromise deal after Emirates jet order row

FILE PHOTO: The Airbus A350-1000 seen in the aerial display during the media preview of the Singapore Airshow in Singapore,
April 26, 2024
Reuters - Reuters

DUBAI (Reuters) - Airbus and Emirates edged towards a consolation deal for a double-digit number of A350-900 jets on Thursday after a public row between the carrier and engine maker Rolls-Royce over a larger model dampened the end of the Dubai Airshow.

Industry sources said the two sides were trying to secure a compromise deal involving a switch from the A350-1000, Airbus' largest twin-engined jet which has fallen under the spotlight over the amount of downtime needed in Gulf conditions.

The companies involved declined to comment. Two sources cautioned that a final signature in time for the end of the Nov. 13-17 show could not be guaranteed.

Emirates is by far the biggest user of Airbus's A380 superjumbo after investing heavily in the world's largest airliner and is now planning the fleet needed to keep its Dubai super-hub at the centre of the aviation map beyond the 2030s.

Airbus nears compromise deal after Emirates jet order row
FILE PHOTO: Signs for Emirates airlines are stacked to the side at Logan Airport in Boston, Massachusetts

The carrier opened this week's air show with a $52 billion order for 90 more Boeing 777X airplanes, saying the U.S. planemaker appeared to be getting a grip on regulatory and other problems surrounding its arrival after five years of delays.

But Emirates Airline President Tim Clark refused to place a large order for Airbus' broadly similar A350-1000 and publicly criticised its engine maker Rolls-Royce over extra maintenance he said would be needed to cope with hot and sandy conditions.

Rolls-Royce acknowledged its engine for the A350-1000 would need more servicing than Emirates would like, but denied Clark's suggestion that the engine was "defective".

A compromise order for fewer than 20 A350-900s, which could still blow off course in final negotiations, would be seen as a consolation prize for Airbus after Boeing won the majority of orders, delegates said.

However, it would still leave questions over its ability to compete with Boeing's 777X in the busy Gulf wide-body market, they added.

(Reporting by Tim Hepher, Alexander Cornwell and Pesha Magid; Editing by Jan Harvey)

Related

Asia|Business|Europe|Technology

Nokia signs multi-year patent license agreement with Samsung

Finland's Nokia said on Wednesday it had signed a multi-year patent license agreement with Samsung , for the use of Nokia's video technologies in the South Korean company's

Nokia signs multi-year patent license agreement with Samsung
Business|Economy|Europe

VW's Skoda Auto posts 6.9% rise in 2024 deliveries

Global deliveries for Czech carmaker Skoda Auto, part of the Volkswagen Group, rose by 6.9% in 2024, to 926,600 vehicles, boosted by rising sales in Europe as other markets drop,

VW's Skoda Auto posts 6.9% rise in 2024 deliveries
Business|Economy|Election|Europe|Political

Germany's economy shrank for the second consecutive year in 2024

Preliminary official figures show that the German economy shrank for the second consecutive year in 2024

Germany's economy shrank for the second consecutive year in 2024
Business|Economy|Europe|Political|World

IEA says new US sanctions could significantly disrupt Russian supply

The latest round of U.S. sanctions against Russian oil announced last Friday could significantly disrupt the country's oil supply chains, the

IEA says new US sanctions could significantly disrupt Russian supply
Share This

Popular

Asia|Business|Economy|Technology

Meta warns India antitrust ruling could force roll back of features, hurt business

Meta warns India antitrust ruling could force roll back of features, hurt business
Business|Economy|Europe

German ministry warns 2025 uncertainty to weigh on economic recovery

German ministry warns 2025 uncertainty to weigh on economic recovery
Business|Economy|Environment|Political|World

Wars top global risk as Davos elite gathers in shadow of fragmented world

Wars top global risk as Davos elite gathers in shadow of fragmented world
Business|Economy|Europe|Finance

UK banks resist mortgage rate hikes amid money market turmoil

UK banks resist mortgage rate hikes amid money market turmoil