Emirates Airlines Stocks Up On Planes
I've often written about the luxurious Emirates Airlines which operates out of Dubai, now they are expanding at a rapid rate with the announcement of the largest aircraft commitment made by any airline at one time. Fueled by high oil prices and a rapidly booming tourism industries, Emirates has been booming which shows in a $34.9 billion deal that includes orders from both Airbus and Boeing. The deal was announced at the Dubai Airshow and will include 120 Airbus A350s, 11 A380s, and 12 Boeing 777-300Ers. Emirates also comfirmed that they still want the eight A380s they ordered earlier this year and ordered three more bringing their total order of A380s to 58. Their total orders now number 246 aircraft worth a total of over $60 billion dollars.