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Emirates saves Airbus A380 with $16B deal

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The Middle East's largest airline, Emirates, threw a lifeline to Airbus' A380 aircraft.

The company agreed to buy 20 of the aircraft with the option to purchase 16 more in a deal valued at $16 billion.

Airbus officials recently announced they would stop production of the A380 jumbo jet unless it reached a new deal with Emirates.

Read more from The Associated Press.

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