BREAKING NEWS

Qatar ends suspense with $6.5 billion Airbus order

By REUTERS

NOVEMBER 15, 2011 14:10

DUBAI - Qatar Airways placed a $6.5 billion order for Airbus jets hours after telling the European giant to go back to basics and learn how to build airplanes in a day of high theater at the Dubai Air Show on Tuesday.

Chief Executive Akbar Al Baker made a second appearance to announce the firm order for five A380 super-jumbos and 50 A320neo jets hours, plus options, after announcing an "impasse" in negotiations.

The earlier upset threw chaos into Airbus's efforts to recover after being left standing at the Middle East's largest air show when Boeing walked off with a record $18 billion order from Emirates on Sunday.

Al Baker, who is known for springing surprises and has often been outspoken about both Airbus and Boeing, compounded the European jet-maker's embarrassment by announcing the break-off at a news conference to buy two Boeing 777 freighters.

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