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21 November 2019
INVESTMENT

Emirates Airline signs long-awaited deal for Boeing 787 Dreamliners

The orders announced during the Dubai Airshow 2019 comes as the world’s biggest long-haul airline grapples with a slowing global economy and an early end to production of the A380 superjumbo, of which it’s the biggest operator.

Boeing 787 Dreamliner/Emirates


Emirates signed an order for 30 Boeing 787 Dreamliner aircraft worth $8.8 billion at list prices while cutting back on a purchase of the US manufacturer’s larger 777X, reported Bloomberg.

The 787 deal involves 10 jets fewer than an outline agreement dating to 2017, while Emirates will take 126 777s, a reduction of 24 planes from an accord signed in 2014.

Similarly, Abu Dhabi-based Etihad Airways will take 20 less Boeing 787 Dreamliners over the next four years than originally planned as the Middle East carrier reins in growth to pare losses.

The world’s biggest long-haul airline had held back on finalising orders as it reviewed long-term fleet requirements in light of an end to production of the A380 superjumbo as well as concerns about the performance of some models.

The Emirates deal with Boeing follows an order for 50 Airbus A350 wide bodies that the Gulf giant placed on earlier this week. The European plane maker also secured a 120-aircraft order for its A320neo narrow-body family plane from Air Arabia.

Dubai-based Emirates and Airbus signed a purchase agreement for 50 A350-900s and the Middle East carrier plans to take delivery starting in 2023, finalising an order for Airbus jetliners worth around $16 billion.

India’s budget carrier, SpiceJet, is in talks with Boeing to acquire more 737 Max aircraft to feed its expansion plans, a deal that could the first at Dubai Airshow 2019 for the grounded narrow body.

Additionally, SpiceJet is setting up a hub in the UAE’s Emirate of Ras Al Khaimah to expand flights from India and connect with Eastern Europe.

Boeing has had more limited success, though it secured some outline orders for its stricken Boeing 737 Max model, which was grounded in March 2019 after two fatal crashes in five months.

 

 


RELATED STORIES: Emirates Etihad Airways SpiceJet Boeing 737 Max Boeing 787 Dreamliners


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