Dubai Airshow News: Emirates Fleet Rethink Could Mean Boeing Pain, Airbus Gain - Bloomberg
As the man commanding the world’s largest international airline for almost two decades, Emirates President Tim Clark has perfected the act of playing arch-rivals Airbus SE and Boeing Co. off one another.
His tactics were on display again this weekend in Dubai, where the biennial air show is taking place on Emirates’s home turf. Clark, speaking in an interview, said he’s conducting a fleet “reset.” That, in turn, might amount to a shift away from Boeing, which the executive singled out as still having issues to resolve around the 777X wide-body, for which Emirates is the biggest buyer.
Clark might lack the take-no-prisoners bravado of Qatar Airways CEO Akbar Al Baker, who revels in the public shaming of Airbus and Boeing if he can raise the heat to get a better deal. But Emirates arguably has more clout than its regional rival because of its sheer size, having ordered 115 777X alone and running by far the largest fleet of Airbus A380 double-deckers.
The fleet rethink comes as Emirates and its units contemplate taking part in an anticipated flurry of listings on Dubai’s stock exchange, according to comments Monday from Chairman Sheikh Ahmed Bin Saeed Al Maktoum. Dubai announced plans this month to float 10 state companies as it seeks to catch up with neighboring Abu Dhabi and Saudi capital Riyadh on initial public offerings.
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