Summary
- Emirates CEO is open to purchasing more Airbus A380s at the correct price, because the airline is currently eager about acquiring its leased aircraft.
- The purchased Airbus A380s are intended for reactivation in the longer term, although the timing for that is uncertain.
- The worth of Emirates’ leased A380s currently stands at $2.97 billion, with a median value per aircraft of $49.45.
Emirates’ CEO recently told Easy Flying that he would buy more Airbus A380s at the correct price when probed on the recent Dubai Airshow. The comments come because the airline is within the technique of purchasing two of the giants from lessors at a price of $35 million each.
Emirates has turn out to be synonymous with the Airbus A380, operating the world’s largest fleet by a protracted distance. Nonetheless, in response to fleet data from ch-aviation, only 57 of its Airbus A380s are literally owned by the airline. The rest are only leased by Emirates. On condition that Airbus stopped producing the mighty A380, it’s these leased aircraft that Emirates is currently eager about.
Emirates
- IATA/ICAO Code
- EK/UAE
- Hub(s)
- Dubai International Airport
- CEO
- Ahmed bin Saeed Al Maktoum
- Country
- United Arab Emirates
An extended life left
Talking to Easy Flying throughout the Dubai Airshow, His Highness Sheikh Ahmed bin Saeed Al Maktoum, CEO of the Emirates Group, said,
“In relation to the [Airbus] A380, you will notice these aircraft until nearly 2035-2040. In order that they will probably be with us for quite a while throughout the fleet. You mentioned that we bought some already. In the event that they are at the correct price, why not [buy more]?”
Photo: Tom Boon – Easy Flying
To date, Emirates is understood to have purchased at the very least three Airbus A380s from lessors. These are A6-EDC (bought for $30.5 million), A6-EDP, and A6-EDT (each bought for $35 million). Nonetheless, options to buy more of the jets will open up according to the tip of their lease contracts.
Emirates Will Buy 2 More Airbus A380s For $35 Million Each
The airline bought one other Airbus A380 for $30.5 million last 12 months!
Why buy the Airbus A380s?
Interestingly, not one of the three Airbus A380s bought from lessors to date has been flown since they were grounded towards the beginning of the pandemic. This may occasionally make one query why Emirates is buying the aircraft in the primary place. Two obvious options seemingly exist,
- To scrap these airframes for spare parts.
- To maintain them in storage to reactivate later when higher flight time A380s are retired.
With this in mind, Easy Flying asked His Highness what the airline is planning on doing with the leased Airbus A380s that it’s purchasing. Sheikh Ahmed told us that they’re being purchased with a view . Nonetheless, it’s unclear when the airline is planning to reactivate the jets.
Photo: Dubai Airshow
How much is an Airbus A380 value?
When Airbus last issued list prices in 2018, an Airbus A380 clocked in at $445.6 million. These prices were never paid as a result of bulk discounts and customization options corresponding to engine types. As aircraft accumulate usage, their value decreases. That is shown in the worth Emirates is already paying to buy used Airbus A380s from its lessors.
Easy Flying reached out to London-based valuation firm AviationValues to ask concerning the airline’s other leased Airbus A380s. Based on their valuations, the entire value of Emirates’ leased A380s currently sits at $2.97 billion. Across the 60 aircraft included within the evaluation, this offers a median value per aircraft of $49.45.
What number of more Airbus A380s do you think that Emirates will purchase? Tell us what you think that and why within the comments below!