Emirates Orders 20 Airbus A380s with Option for 16 More
Airbus just released news of an order for their superjumbo A380 planes, extending the program for at least 10 years.
After Airbus sales chief warned a few days earlier that the program may be canceled, Emirates stepped up to ink the deal starting with 20 planes, with an option to buy 16 more - total of 36 planes.
The program-saving order could be worth as much as $16 billion and extend the program for at least 10 years.
Airbus stock rose over 2% on the news.