Emirates President Tim Clark has hinted that the airline could expand its order book of Airbus A350s, currently at 65, as the carrier enters what he calls an “expansionist period.” Speaking at the delivery event of the airline’s first A350-900 aircraft in Dubai, Clark expressed frustration over the challenges Emirates has faced in recent years.
The airline, he said, has been held back by the aftermath of COVID and supply chain disruptions, leading to a delay in aircraft deliveries. “As you know, we’ve had our wings clipped because of COVID and supply chain delays. We are a frustrated entity because we need airplanes, and we need them like now,” Clark commented.
Emirates had originally planned to receive more aircraft by this point, particularly the Boeing 777X, which would have allowed them to take delivery of 85 new planes by now. However, with the arrival of the A350s, Clark said that the airline is focused on ramping up its network and growing, though not necessarily at a rate beyond what they had originally planned.
With the airline now poised for rapid growth, Clark also addressed Emirates’ financial position. He made it clear that the airline does not need external funding at this point, ruling out plans to raise money through a sukuk or bond. “We have plenty of money,” he said, offering reassurance as the airline focuses on expanding its fleet and operations. He also sidestepped any questions about a potential initial public offering (IPO), unlike its main competitor, Etihad Airways, which has openly discussed such plans.
Turning to the A350 order, Clark stressed that the 64 remaining aircraft are essential for Emirates’ growth strategy moving forward. He acknowledged that the airline is closely monitoring Boeing’s situation with the 777X, having been critical of delays from the American aircraft maker. “We have to bide our time and hope they have the ability to sort out the current situation they are in. I’m hoping that with the $21 billion they’ve just had injected into the company and the end of the strike, they will take the next few months to sort out what they’re going to do. We are watching that very carefully,” Clark explained.
As Emirates pushes forward with its expansion plans, the airline is eager to put its frustrations behind and press ahead with a renewed focus on growth and modernization.