Emirates to buy 40 Boeing Dreamliners
Dubai — Emirates Airlines has agreed to buy 40 Boeing 787-10 Dreamliners for $15.1bn at list price, CEO Sheikh Ahmed bin Saeed al-Maktoum says.
Emirates is already the world’s largest client for Boeing’s 777, with 165 jets and another 164 on firm order. Sheikh Ahmed said the deal raised total outstanding orders from Boeing, the global competitor of Europe’s Airbus Industries, to as high as $90bn.
Delivery of the Dreamliners was scheduled to start in 2022, he said on Sunday, the first day of the Dubai Airshow.
Emirates, the largest carrier in the Middle East, is also the world’s biggest client for Airbus 380 superjumbo jets with 100 planes. It has firm orders for another 46 jets.
"We have reached a conclusion that the Boeing 787-10 jets are the best choice for us," Sheikh Ahmed said. "Emirates’s orders today will be delivered from 2022, taking the airline well into the 2030s." Some of the jets would be replacements "so that we maintain a young and efficient fleet, and others will power our network growth".
Boeing welcomed the deal. "We are excited that Emirates has selected the Boeing 787-10 Dreamliner to power its fleet expansion and future growth," said Kevin McAllister, head of the company’s commercial aviation division. "Emirates’s endorsement of the 787 Dreamliner extends our longstanding partnership and will sustain many jobs in the US."
Later, McAllister signed an agreement to sell Azerbaijan Airlines five Boeing 787-8s for a list price of about $1bn.
On Thursday, Emirates said its half-year net profit had rebounded strongly from a slump in 2016 because of cost-saving measures and favourable exchange rates.
The airline posted a net profit of $452m in the period from April to September. That was more than the $340m net income for the whole of the last fiscal year to March 31.