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Emirates to buy 150 Boeing jets worth $56b


The Boeing-Emirates deal for 115 400-seat 777-9Xs and 35 smaller 777-8Xs firms up a commitment announced last year at the Dubai Airshow– Bloomberg News

Muscat: Dubai airline Emirates finalised a $56 billion order to buy 150 Boeing 777X jets on Wednesday, firming up a commitment made last year, just weeks after scrapping an order with rival planemaker Airbus.
The deal includes purchase rights for an additional 50 airplanes which, if exercised, could increase the value to about $75 billion at list prices, Boeing said.

The order — a combination of 115 777-9Xs and 35 777-8Xs — also includes purchase rights for an additional 50 airplanes that, if exercised, could increase value to approximately $75 billion at list prices.

"With the order for 150 777Xs, Emirates now has 208 Boeing 777s pending delivery, creating and securing jobs across the supply chain," said Emirates president Sir Tim Clark.

"Today Emirates operates more than one in every 10 Boeing 777s aircraft built. We fly 138 of these efficient planes across the globe spanning the US and Latin America in the west, to New Zealand and Japan in the East. The 777X will offer us operational flexibility in terms of range, more passenger capacity and fuel efficiency, and we look forward to inducting them into our fleet from 2020."

"We are extremely proud to have Emirates, the world's largest 777 operator, continue its long-standing partnership with Boeing by becoming the largest launch customer for the 777X," said Boeing Commercial Airplanes president and chief executive offier Ray Conner.

"Being a customer-driven product, I'm confident the 777X – with its new engines and all-new composite wing design – will bring superior value in terms of performance, efficiency and reliability to Emirates and our other launch customers," he added.

Advanced engine
The 777X will introduce the latest technologies including the most advanced commercial engine ever — the GE9X by GE Aviation — and an all-new high efficiency composite wing that has a longer span than today's 777. The 777X family includes the 777-8X and the 777-9X, both designed to respond to market needs and customer preferences.

Airbus ended the first half of the year behind its US rival in orders and deliveries, but is widely expected to unveil hundreds of new orders at the Farnborough show next week.

The Emirates' order was part of the 777X launch at the Dubai Air Show in November last year, one of the largest product launches in commercial jetliner history. Along with Emirates, Gulf carriers Etihad Airways and Qatar Airways also announced deals for the plane, totalling $100 billion at list prices. Emirates, which is the world's largest operator of the Boeing 777 jet, was close to finalising the order, it has been reported last week.

Emirates and Qatar Airways, which also ordered 50 777X jets, had jointly negotiated the deal at the Dubai Air Show. However, it was not clear whether the Doha airline had finalised its order yet.

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