Airbus Paid Emirates $110 Million in A380 Delay Compensation
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Airbus pays Emirates damages for A380 delay
Wed Apr 30, 2008 9:15am EDT
DUBAI (Reuters) - European plane maker Airbus paid Dubai's Emirates EMAIR.UL as much as $110 million during the last year in compensation for the late delivery of the A380, of which the Arab carrier is the largest customer, Emirates said.
Emirates, which has ordered 58 of the world's largest passenger planes, received 404 million dirhams ($110 million) during the year to March 31 in "liquidating damages", according to its annual report released on Wednesday. [
Full Article]
Re: Airbus Paid Emirates $110 Million in A380 Delay Compensation
they are on the buy 58 get one 1/2 off program....
Re: Airbus Paid Emirates $110 Million in A380 Delay Compensation
There was more than just a cash payout. :wink:
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Clark declined to give further details about the compensation agreement with Airbus, following a near two-year delay in the delivery of the 525-seat, double-decker planes.
Re: Airbus Paid Emirates $110 Million in A380 Delay Compensation
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There was more than just a cash payout.
They wanted to be sure they were "happy" in the end..... :borat:
