Emirates to get 30 Boeing 787 Dreamliners for USD8.8 billion

DUBAI, United Arab Emirates (AP) – The Middle East’s biggest carrier, the Dubai-based Emirates, announced yesterday a firm order for 30 Boeing 787 Dreamliners in a deal valued at USD8.8 billion.

Emirates CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum said this order replaces an agreement for 150 777x Boeing to 126 of that aircraft, and adds 30 of the 787-9 Dreamliners. He spoke to reporters at the Dubai Airshow.

Combined with Emirates’ previous announcement this week for new Airbus aircraft, this brings the airline’s total orders at the airshow to USD24 billion. Airlines, however, typically negotiate steep discounts from manufacturers.

On Monday, Emirates, announced it would be buying 20 additional wide-body Airbus A350s, bringing its total order for the aircraft to 50 in an agreement worth USD16 billion at list price.

That deal, however, replaces a USD21.4 billion agreement struck in February to purchase 70 Airbus aircraft, which had included 40 of the A330neo. Delivery is slated to start in 2023.

The Emirates, which feeds Dubai’s busy international airport, posted significantly lower earnings of USD237 million last year due to spikes in fuel costs at the end of 2018, a strengthened US dollar, lower airfreight demand and weakened travel demand.

The five-day Dubai biennial airshow, which started last Sunday, draws major commercial and military firms from around the world, as well as smaller manufacturers competing for business in the Middle East.

The United States (US) has the largest foreign country presence with around 140 exhibitors.

Officials from the US Department of Defence and State Department are also at the airshow, meeting with officials from the United Arab Emirates, which is one of the world’s top buyers of American-made weapons and defence equipment.

Boeing Commercial Airplanes President and CEO Stanley A Deal shakes hands with Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of the Dubai-based long-haul carrier Emirates, at the Dubai Airshow in Dubai, United Arab Emirates. PHOTO: AP