Thu, Dec 28, 2006
Says Delivery Delay Has Hurt Airline "Badly"
Emirates said Wednesday it is going after European planemaker
Airbus for additional compensation for delays in deliveries of the
"We are determined to claim compensation. We've been badly hurt
by this delay," said Emirates CEO Sheik Ahmad bin Saeed Al Maktoum
in an interview published Monday by the Al-Bayan newspaper.
"After the first delay, we had the option of cancelling the
deal, but we didn't -- maybe because the results would have been
worse," Al Maktoum added.
Citing confidentiality matters, the Dubai-based
carrier wouldn't say just how much it is asking Airbus to
"We don't intend to say any more," said a terse statement issued
by the Emirates media office this week.
Given that Emirates is the largest
A380 customer, however, with 45 planes on order... you can bet
Emirates wants a steep discount.
The French newspaper Le Parisien reports Emirates is seeking
over $292 million in compensation against its $13.5 billion
Airbus refused to confirm that figure.
So far, Airbus has 167 firm orders for the A380 -- against a
break-even point of 420 planes.
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