Business

Emirates Place Order for 95 Wide-body Aircraft for $52 Billion

Riding high on soaring demand for international travelling. Emirates, the national carrier of Dubai, on Monday placed a significant order for 95 additional wide-body aircraft, taking its total order book to 295 aircraft.

Already the world’s biggest operator of wide-body passenger aircraft, Emirates has committed to additional Boeing 777-9s, 777-8s, and 787s, worth $52 billion, to power its growth plans, maintain a modern efficient fleet, and deliver the best flying experience to its customers.

In the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, UAE Deputy Prime Minister and Minister of Finance, and Deputy Ruler of Dubai and HH Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council; the orders were signed by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group; with Stan Deal, President and CEO of Boeing Commercial Airplanes; and Larry Culp, Chairman and CEO for GE, and CEO of GE Aerospace.

HH Sheikh Ahmed said that from day 1, Emirates’ business model has been to operate modern and efficient wide-body aircraft capable of carrying large numbers of travellers comfortably and safely, over long distances to and via Dubai. Today’s aircraft orders reflect that strategy.

“These additional aircraft will enable Emirates to connect even more cities, supporting the Dubai economic agenda D33 set out by HH Sheikh Mohammed bin Rashid Al Maktoum, to add 400 cities to Dubai’s foreign trade map over the next decade. By the early 2030s, we expect the Emirates fleet to be around 350-strong, connecting Dubai to even more cities around the world.”

Boeing Order

Emirates, already the world’s largest operator of Boeing 777 aircraft, has signed firm orders for 55 additional 777-9s and 35 777-8s. This takes the airline’s 777-X order book to a total of 205 units.

Emirates also confirmed an order of 202 GE9X engines to power the additional 777X aircraft ordered today, taking its total GE9X engine order to 460 units.

From its previous order of 115 units, the first 777-9 is expected to join Emirates’ fleet in 2025. Today’s additional orders mean Emirates will induct new 777-9s to its fleet until 2035.

With this latest order, Emirates is also set to be one of the launch customers of the 777-8 passenger variant, with first deliveries expected in 2030.

H H Sheikh Ahmed also said that Emirates is the biggest operator of Boeing 777 aircraft, and today’s order cements that position. We have been closely involved in the 777 program since its start up until this latest generation of 777X aircraft.

“The 777 has been central to Emirates’ fleet and network strategy of connecting cities on all continents non-stop to Dubai. We are pleased to extend our relationship with Boeing and look forward to the first 777-9 joining our fleet in 2025,” he added.

“This order is an incredible vote of confidence in the efficiency and versatility of the 777X family to meet Emirates’ needs for global long-haul travel,” said Stan Deal, President, and CEO of Boeing Commercial Airplanes.

“The 777-9 and 777-8 are the perfect airplanes to support Emirates’ growth plans, improving environmental performance and unmatched payload capability,” he added.

The 777 remains the backbone of Emirates’ operations, capable of missions of up to 18 hours that enable the airline to connect Dubai non-stop to cities on six continents. The new 777-9s and 777-8s will replace Emirates’ retiring 777 aircraft, and provision for the airline’s future growth plans.

Emirates has also updated its previous order of 30 Boeing 787-9s, increasing its commitment to a total of 35 Dreamliners comprising: 15 Boeing 787-10s, and 20 Boeing 787-8s.

Global Business Magazine

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