Emirates President Tim Clark announced that the airline is investing nearly $5 billion to retrofit existing aircraft, including the Airbus SE A380 and Boeing Co.’s 777 models. This significant expenditure aims to address delays in the delivery of new aircraft from Boeing, particularly the 777X model, which is still awaiting final certification.

During a meeting in Berlin, Clark emphasized the need for Emirates to take control of its future, stating, “We’ve had to take control of our own destiny.” He expressed gratitude for the decision to retrofit the aircraft, as he had anticipated potential issues. Clark confirmed that Emirates would not receive the Boeing 777X this year, further complicating the airline’s fleet modernization plans.

In addition to retrofitting, Emirates is considering the Airbus A350-1000, which is comparable in size to the Boeing 777. However, Clark noted that they would need assurances from engine supplier Rolls-Royce Holdings Plc regarding the reliability of its engines before placing an order. Currently, Emirates has a limited number of the smaller A350-900 model in operation.

The retrofit work is being conducted at Emirates’ engineering facilities in Dubai, where aircraft are being upgraded with new cabin interiors and enhancements to extend the lifespan of older models, particularly the A380. As the largest operator of the A380, Emirates faced challenges in attracting buyers due to the aircraft’s size and operational complexity, leading to its discontinuation after a brief production period.

Clark also shared insights on the broader economic landscape, describing the global economy as being in “uncharted territory” due to the effects of tariffs, which may impact consumers’ discretionary income and their willingness to travel. He expressed optimism that negotiations over trade levies would lead to a balanced resolution, noting, “In the end, it’s a global community, and it’s the citizens that suffer.”