Early Christmas Present from Tim Clark!

Emirates Airlines, the Dubai-based airline, wants to buy a total of 120 Airbus A380s. These suckers have an average price tag of $325 mln a pop. Assuming they pay list price, that would total a cool EUR 28 bln….

Emirates also says it is working with Boeing on replacing its fleet of 777s.

These things take years to build, so any immediate impact on the euro would be modest, but it would be a macro plus for the euro zone if it comes to fruition.

src:http://www.forexlive.com/138688/all/emirates-wants-to-buy-120-super-jumbos