Monday, November 14, 2011

Emirates Places Order for 50 Boeing 777-300 ERs with Options for 20 777-300 ERs Valued at US$26 Billion

Record breaking aircraft order is the single largest by any airline with Boeing  

DUBAI, U.A.E., Dubai Air Show ,13th November 2011: Emirates (, one of the world’s fastest growing airlines, today placed the single largest aircraft order in dollar value in Boeing’s history for an additional 50 777-300 ER aircraft, worth approximately US$ 18 billion (AED 66 billion) in list price. The order also included 20 777-300 ER options valued at US$8 billion (AED 29.4 billion), for a total of 70 aircraft valued at US$ 26 billion (AED 95.4 billion).

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."

“ Today’s 777-300 ER order gives Emirates the ability to replace some of our older existing aircraft allowing us to maintain our leadership in fuel efficiency as well as providing our customers with an updated superior product,” said Tim Clark, President, Emirates. “Our passengers can look forward to continued innovations in aircraft comfort, entertainment and service for which Emirates is renowned.”

 Emirates currently has a fleet of 162 wide-bodied aircraft, flying to 115 destinations in 67 countries.  The airline is on track to become one of the largest airlines in the world. In addition to the 50 777-300 ERs announced today, Emirates has 73 Airbus A380s, 70 Airbus A350s,  40 777-300 ERs and six  Boeing freighters on order, for a total of 239 wide-body aircraft worth more than US$92 billion (AED 337.6 billion).

Note : If you have questions that you would like to ask, go to Ask Me or simply add me in Facebook.