Emirates received up to AED404 million ($109.9 million) from Airbus as compensation for A380 delivery delays, Reuters reported. The airline, which unveiled its full-year financial results last week (ATWOnline, May 1), listed the gain in its annual report as related to "liquidating damages" and President Tim Clark told the news service that a "large part of that was part of the compensation deal for the delay of the A380s." He said EK expects to take five A380s this fiscal year and 12 in the ...

Subscribe to Access this Entire Article

"Emirates reportedly receives up to $110 million in A380 delay compensation" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.