BERLIN, March 5 (Reuters) – Dubai-based carrier Emirates will spend around 5 billion dollars on refitting 220 of its aircraft in order to sustain its network, President Tim Clark said on Wednesday, as the industry struggles with delivery delays for newer jets.
“We have no choice,” Clark told reporters. “This one is the only way we could sustain the network, grow the network.”
Other airlines are also upgrading their airplanes, including Air India [RIC:RIC:AIRID.UL], which is working on refitting its existing fleet in an effort to maintain routes and upgrade the quality of the customer experience.