Etihad finalises major order on Airbus

Airbus reported completion of the largest civil aircraft deal of the year, a 51-plane order from Abu Dhabi based Etihad Airways worth over $10 billion.

The order includes 6 A380 superjumbo, 25 A350XWB and 20 single-aisle A320 aircraft.

The order was first announced at the Farnborough air show in July. However, Etihad’s financial woes, and speculation of a merger with fellow United Arab Emirates carrier, Dubai based Emirates, led to months of uncertainty on the order.

The order was finally confirmed last week and made it into the official Airbus backlog, as reported by Reuters on Friday.

Airbus will produce some composite parts in the emirate as part of an industrial deal with Abu Dhabi sovereign fund Mubadala Development.

Airbus has net orders of 756 aircraft this year, against a target of 850 plane sales in 2008.

Rival, Boeing, which also won a 45-plane order from Etihad this year, has reported 646 gross orders and 640 net orders for 2008 as of Dec. 2.

Airbus also said it had delivered 46 planes in November, bringing deliveries so far this year to 437, against a targeted 470 deliveries in 2008.

About Devesh Agarwal

A electronics and automotive product management, marketing and branding expert, he was awarded a silver medal at the Lockheed Martin innovation competition 2010. He is ranked 6th on Mashable's list of aviation pros on Twitter and in addition to Bangalore Aviation, he has contributed to leading publications like Aviation Week, Conde Nast Traveller India, The Economic Times, and The Mint (a Wall Street Journal content partner). He remains a frequent flier and shares the good, the bad, and the ugly about the Indian aviation industry without fear or favour.

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