Emirates places order for 50 Boeing 777-300 ERs with options for 20 777-300 ERs valued at $26bn

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Source:  www.ameinfo.com

Emirates, one of the world’s fastest growing airlines, placed the single largest aircraft order in dollar value in Boeing’s history for an additional 50 777-300 ER aircraft, worth approximately $18bn (Dhs66bn) in list price.

His Highness (H.H.) Sheikh Mohammed Bin Rashid Al Maktoum, looks on as His Highness (H.H.) Sheikh Ahmed Bin Saeed Al-Maktoum, (front centre); Jim Albaugh, (left) and David Joyce, (right) take part in a signing ceremony today at the Dubai Air Show.
His Highness (H.H.) Sheikh Mohammed Bin Rashid Al Maktoum, looks on as His Highness (H.H.) Sheikh Ahmed Bin Saeed Al-Maktoum, (front centre); Jim Albaugh, (left) and David Joyce, (right) take part in a signing ceremony today at the Dubai Air Show.

The order also included 20 777-300 ER options valued at $8bn (Dhs29.4bn), for a total of 70 aircraft valued at $26bn (Dhs95.4bn), at the Dubai Air Show.

This record breaking long-range aircraft order, adds to Emirates existing world’s largest fleet of 95 777s in service including nine 200 ERs, 10-200 LRs, 12 -300s, 61-300 ERs and three freighters. Emirates had 40 777-300 ERs already on the order books, so with today’s order that now stands at a firm order of 90 777-300 ERs.

The agreement was signed today during a ceremony at the Dubai Air Show by His Highness (H.H.) Sheikh Ahmed Bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and Jim Albaugh, President and CEO of Boeing Commercial Airplanes. The signing was also witnessed by Emirates senior executives, Tim Clark, President, Emirates airline and Adel Al Redha, Emirates Executive Vice President, Engineering and Operations as well as David Joyce, President and Chief Executive Officer of GE Aviation, whose GE 90-115B engine will power the 777-300 ER aircraft.

“With 61 777 300-ERs currently in service, this record breaking dollar value order is another milestone for Emirates and affirms our strategy to expand our long haul destinations and continue to excel as a world leading carrier, connecting the world to Dubai and beyond,” said H.H. Sheikh Ahmed Bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group. “The Boeing 777-300 ER aircraft plays a pivotal role in Emirates development of a modern fleet to meet the demand for global air travel for the future.”

The 777-300ER will be operated in a three-class configuration with eight First Class suites, 42 Business Class seats and 310 Economy Class seats and offers an additional cargo payload of 20.1 tonnes.

“This is an extremely proud moment for us as it not only underscores Emirates’ on going confidence in the 777 but also makes this the single largest order in dollar value in Boeing’s history,” said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. “As the largest operator of the 777 in the world, Emirates has played an important role in development of the airplane and its input over the years has been invaluable in the development of the 777 program.” More info

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