UPDATE 1-AIRSHOW-Airbus to buy back some A380s in new Emirates deal -sources

From Reuters - November 11, 2017

DUBAI (Reuters) - Airbus (AIR.PA) will have to buy back or find new homes for some of the older A380s currently operated by Dubais Emirates as it finalises a deal to sell new superjumbos to the Gulf carrier, industry sources said on Sunday.

The European planemaker is expected to announce an order for some 36-38 A380 superjumbos at the opening of the Dubai Airshow later on Sunday.

A few trade-ins will be involved, a person familiar with the matter said.

An Airbus spokesman said, We do not comment on our contractual agreements.

Asked at a news conference on the launch of a new first-class cabin whether Emirates would place an A380 order at the show, Emirates president Tim Clark said, maybe, maybe not.

The decision by Airbus to buy back aircraft to facilitate the anticipated deal comes as the aviation market struggles to absorb some of the first A380s, which entered service a decade ago.


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