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FINANCIAL NEWS
Emirates Airlines plans to seek compensation from Airbus
09 Mar 2012
(MENAFN) Emirates Airline’s president, Tim Clark, said that the carrier would seek compensation from Airbus due to widespread disruption and an expected loss of revenue, reported Emirates 24/7.
Clark added that by the end of March, Emirates would be forecasted to lose USD90 million as a result of the A380 groundings that started in January.
He also said that the carrier has found wing cracks on the 10 A380s that have been inspected so far, and all 21 in its fleet would need remedial work.
It is worth noting that in February, European air safety regulators ordered checks for Airbus A380 wing cracks for the entire superjumbo fleet after safety engineers found cracks in almost all the jets inspected.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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