
Emirates Says Aircraft Retrofit Program Now Pushing $5 Billion
Live Mint-- Emirates President Tim Clark said the company is spending close to $5 billion in cash to retrofit existing aircraft like the Airbus SE A380 jumbo or the Boeing Co.’s 777 to bridge delays with new models on order, particularly from the US manufacturer. “I could see the problems on the horizon, so we took the decision then, and thank God we did.” Emirates “certainly” won’t receive Boeing’s 777X model this year as the latest iteration of the popular widebody plane still awaits final certification, Clark said. The airline would also consider the Airbus A350-1000 model, which is similar in size to the Boeing 777, though Clark said engine supplier Rolls-Royce Holdings Plc would need to show that its engine is sufficiently reliable before he places an order. Clark said that Boeing executives were due to meet with his team in Dubai a few weeks ago, but then didn’t show up because they had too much to deal with back at home.
History of this topic

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