[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Tuesday, 20 July, 2004, 13:21 GMT 14:21 UK
Airbus signs $7bn Gulf contract
A mockup of an A380 in Etihad livery
Etihad wants to rival its UAE competitor Emirates
European planemaker Airbus has signed an agreement to sell 24 aircraft to Gulf airline Etihad.

The deal includes four of Airbus's A380 super-sized planes and would expand Etihad's fleet from five planes to 29.

If Abu Dhabi-based Etihad takes up its option on a further 12 aircraft, the price could reach $7bn, Airbus said.

The contract eclipses the $3bn deal signed by Airbus' arch-rival Boeing on Monday with Emirates, Etihad's larger and older Dubai-based competitor.

Rivalry

Airbus was keen to trumpet the deal, which is the biggest so far signed at the Farnborough air show.

Although the 550-seat A380 will not make its first test flights till early net year, Airbus has now pre-sold more than 120 aircraft.

Of these, 45 are going to Emirates, along with the 13 Boeing 777s the carrier ordered on Monday.

Etihad is expecting its A380s in 2007, a year earlier than Boeing is expected to start delivering the jewel in its own crown, the B7E7 "Dreamliner".

According to the carrier's chief chairman, Dr Ahmed Bin Saif al Nahyan, this was a factor in the decision.

Emirates' flights out of Dubai dominate UAE aviation at present, and Etihad represents Abu Dhabi's attempt to take a bigger share of the UAE's tourism and travel business.

The airline only began operating in November with five Airbus aircraft.


SEE ALSO:
'Superjumbo' photos are released
14 Jul 04  |  Bristol/Somerset
Strong Airbus sales bolster EADS
12 May 04  |  Business
Boeing boosted by military sales
28 Apr 04  |  Business
Airbus wins $1.2bn China order
12 Apr 04  |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific