On Sunday Boeing secured the company’s single biggest ever civilian airplane order from Gulf Airline company Emirates. The rapid growth company Emirates declared it would purchase more than fifty twin-aisle planes from the American company.
At list prices, the order for fifty Boeing 777 aircraft is valued at $18bn, a record deal by worth for the American firm. The deal which provides a much-needed boost up for Boeing was announced at the Dubai air show as it was struggling hard against arch rival Airbus which secured a lot of orders this year.
The deal also highlights the dreams of the Dubai-based carrier which is quickly turning into a strong competitor to American, European, Asian and US carriers. Emirates already has a fleet of162 Boeings 777 aircrafts and Airbus’ A380 superjumbos making it the largest operator of Boeing’s 777. Emirates is purchasing 50 Boeing 777-300 ER planes, with 365 passenger seats, and shipments of the aircraft will commence in 2015.
Even though at list prices, the order is valued at $18bn, it is expected that Emirates would pay substantially less since airlines usually get discounts on big orders. The last record single order of $11bn at list prices was secured by Boeing with Air India for sixty eight planes back in 2006. Emirates has optioned for additional twenty Boeing 777-300 ER planes, meaning that the order’s worth could go high to as much as $26bn.Previous Post » Stocks Continue To Fall With Further Euro Worries