Emirates' largest-ever aircraft order
Together, the Boeing and Airbus orders, excluding purchase rights, are worth an estimated $99 billion at list prices. This is the largest ever aircraft order in civil aviation and also Emirates' largest order announced at any event to date.
The agreement was signed today at the Dubai Air Show by Sheikh Ahmed Bin Saeed Al-Maktoum, chairman and chief executive, Emirates Airline and Group, with Jim McNerney, Boeing chairman, president and CEO, and Fabrice Brégier, Airbus' President and CEO. The signing was witnessed by Sheikh Mohammed bin Rashid Al-Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai.
Emirates' Boeing 777X order is the single largest aircraft order by value in the history of U.S. commercial aviation, and the additional A380 order cements Emirates, already the largest operator of this aircraft type, as the principal customer for the A380 worldwide. These latest orders bring Emirates' total firm order book to 385 aircraft (excluding options or purchase rights), comprising 214 Boeing 777s, 101 Airbus A380s, and 70 A350s, at a total estimated value of US$ 166 billion.
"Air transport is a key enabler of world trade, and we see that demand for aviation services will continue to grow globally. What we're announcing today is a continuation of our commitment and vision to connect the world through our efficient hub in the Middle East.
"Emirates' aircraft orders today, with deliveries of the 777X scheduled to start in 2020, will take us to 2025 and beyond - replacing aircraft due for retirement and providing the foundation for future growth," sai Sheikh Ahmed bin Saeed Al-Maktoum, chairman and chief executive of Emirates Airline and Group.
"We are honoured by Emirates' commitment to the newly launched 777X and the significant long term boost this provides to U.S. exports and jobs. Emirates has been an integral part of the 777 success story for many years and today operates the largest fleet of 777s anywhere in the world. We look forward to further strengthening our partnership with Emirates and continuing to support Dubai's expansion into a global aviation hub, said Boeing Chairman, president and CEO Jim McNerney.
"By strategically placing the A380 at the centre of its business, Emirates is maximizing its leading position with each day of operations. Emirates has understood from the start the A380's advantages in terms of efficiency, economics and passenger comfort. It has been a true crowd-puller and contributor to the rapid development of Emirates and its Dubai hub," said Fabrice Brégier, Airbus CEO and President. ■