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Emirates announced an order for 50 Airbus A350 jets



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Airbus A380-800 passenger aircraft from Emirates Airlines at Domodedovo Airport, Moscow.

Mikhail Tereshchenko | TASS | Getty Images

DUBAI, United Arab Emirates – Emirates ordered 50 Airbus A350 jets, Dubai's state-owned airline announced at the Dubai Air Show on Monday.

The price of the order list reaches $ 16 billion, but steep discounts are usually negotiated by airlines.

Airbus CEO Guillaume Faury said at a press conference that the European multinational A380 aircraft carrier would now have "younger but very talented younger brothers in the Emirates family."

The A350 is a family of wide body, double engined wide body jets, while the A380 is the largest passenger aircraft in the world. 50 jets ordered by Emirates are the A350-900 runway, which holds between 300 and 350 passengers.

"Complementing our A380 and 777, the A350 will provide us with additional operational flexibility in terms of capacity, reach and deployment," Emirates Chair and Chief Executive Officer Sheikh Ahmed bin Saeed Al Maktoum told the press. "Actually, we are strengthening our business model to provide efficient and convenient air transportation services to, and through, our Dubai hub."

The announcement of the order came after the unsatisfactory first day for the Middle East aerospace exhibition, with only two jets sold on Sunday.

Emirates is the number one buyer of the A380 icon owned by Airbus, the world's largest aircraft, but a reduction in orders for jumbo jets earlier this year prompted the French manufacturer to announce it would cancel production. Aviation analysts call it "the end of time," because the industry symbol of excess and luxury aviation is set aside for smaller, more fuel-efficient aircraft, now increasingly preferred by aircraft.

Asked whether the reversal of the decision was possible and jet production might continue, Faury replied, "That decision is in implementation now, we like the A380 on Airbus, it is a great aircraft and will continue to fly for decades, we are committed to supporting it. But no, the decision taken to stop production is not reversed. "

The last A380 will be shipped in 2021.

Airbus Chief Corporate Officer Christian Scherer told CNBC on Sunday that the A380 was not completed at all, because the company switched to the secondhand market to keep the jet in use. Scherer described the A380 as having "many, many profitable years" to come.

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