Boeing chief Stanley A. Deal (left) shakes hands with Sheikh Ahmed bin Saeed Al Maktoum in Dubai. AP
The Middle East’s biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 Dreamliners in a deal valued at $8.8 billion.
Emirates CEO and Chairman Sheikh Ahmed Bin Saeed Al Maktoum said this order replaces an agreement for 150 777x Boeing to 126 of that aircraft, and adds 30 of the 787-9 Dreamliners. He spoke to reporters at the Dubai Airshow.
Boeing head Stanley A. Deal (left) hands Sheikh Ahmed Bin Saeed Al Maktoum model carrier Emirates. AP
Combined with Emirates’ previous announcement this week for new Airbus aircraft, this brings the airline’s total orders at the airshow to $24 billion. Airlines, however, typically negotiate steep discounts from manufacturers.
Emirates announces $16bn deal to buy 50 Airbus 350 planes
On Monday, Emirates, announced it would be buying 20 additional wide-body Airbus A350s, bringing its total order for the aircraft to 50 in an agreement worth $16 billion at list price.
That deal, however, replaces a $21.4 billion agreement struck in February to purchase 70 Airbus aircraft, which had included 40 of the A330neo. Delivery is slated to start in 2023.
The Emirates, which feeds Dubai’s busy international airport, posted significantly lower earnings of $237 million last year due to spikes in fuel costs at the end of 2018, a strengthened US dollar, lower airfreight demand and weakened travel demand.
The five-day Dubai biennial airshow, which started Sunday, draws major commercial and military firms from around the world, as well as smaller manufacturers competing for business in the Middle East. The United States has the largest foreign country presence with around 140 exhibitors.
Tim Clark will retire as the president of Emirates Airline at the end of June 2020 after more than three decades with the world’s largest carrier for international passengers.
Emirates serves a global network spanning over 158 destinations in 84 countries. Its fleet stands at 267 large aircraft, including more than 100 Airbus 380 superjumbos.
After the initial announcement of a 12-hour shutdown, the Ninoy Aquino International Airport (NAIA) resumed flight operations. NAIA management announced on Tuesday that a number of recovery flights have started flying from this airport.
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