Etihad finalises major order on Airbus

Airbus reported completion of the largest civil aircraft deal of the year, a 51-plane order from Abu Dhabi based Etihad Airways worth over $10 billion.

The order includes 6 A380 superjumbo, 25 A350XWB and 20 single-aisle A320 aircraft.

The order was first announced at the Farnborough air show in July. However, Etihad's financial woes, and speculation of a merger with fellow United Arab Emirates carrier, Dubai based Emirates, led to months of uncertainty on the order.

The order was finally confirmed last week and made it into the official Airbus backlog, as reported by Reuters on Friday.

Airbus will produce some composite parts in the emirate as part of an industrial deal with Abu Dhabi sovereign fund Mubadala Development.

Airbus has net orders of 756 aircraft this year, against a target of 850 plane sales in 2008.

Rival, Boeing, which also won a 45-plane order from Etihad this year, has reported 646 gross orders and 640 net orders for 2008 as of Dec. 2.

Airbus also said it had delivered 46 planes in November, bringing deliveries so far this year to 437, against a targeted 470 deliveries in 2008.