Emirates agrees huge deal for new airliners

Dubai-based airline will purchase Boeing and Airbus long-haul aircraft in deal estimated to be worth over $100bn.

    Dubai's ruler, Mohammed Bin Rashid al-Maktoum (L), attended the air show where the deal was announced [AFP]
    Dubai's ruler, Mohammed Bin Rashid al-Maktoum (L), attended the air show where the deal was announced [AFP]

    Emirates Airline has placed an order for 150 Boeing 777X long-haul jets, as well as a separate 50 Airbus A380 airliners, in a deal said to be worth over $100bn.

    With a previous order of 90 Airbus jets, the agreement will bring total orders for the world's largest aircraft to 140, Emirates chief executive, Sheikh Ahmed bin Saeed al-Maktoum, announced at the Dubai air show on Sunday.

    The Dubai-based carrier said the Boeing contract was valued at $76bn and that the new deal with Airbus exceeded the $18bn agreed at the last event in 2011.

    Boeing launched the long-awaited new version of its 777 long-haul jet with 259 orders from the top three Gulf carriers, including Dubai's Emirates, Abu Dhabi's Etihad Airways and Qatar Airways, as well as Germany's Lufthansa which has already tentatively committed to buy 34 of the planes.

    Boeing Chairman James McNerney said the order, based on commitments worth some $100 billion at list prices, was the largest combined order in the company's history.

    The deal includes orders for 150 of the aircraft from Dubai's Emirates, 50 from Qatar Airways and 25 announced earlier by Abu Dhabi's Etihad Airways.

    Gulf airlines have been expanding rapidly as they seek to take advantage of a strong geographical position connecting East and West.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.