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Boeing Wins Deal worth $56 billion for 150 Boeing 777X Jets from Emirates


Emirates, the largest airline in Middle East have finalized a $56 billion order to acquire 150 Boeing 777X jets.

Boeing said that the deal includes purchase rights for an additional 50 airplanes which could increase the value to around $75 billion at list prices.
Tim Clark, president of Emirates said that with the order for 150 777Xs, Emirates currently has 208 Boeing 777s pending delivery, which will aid in securing and creating jobs across the supply chain.

This announcement follows the surprise cancellation in June of a $16-billion order by Emirates to acquire 70 of Airbus' A350 aircraft, which delivered a blow to Airbus’ newest aircraft and hit its share price.

Airbus ended the first half of the year behind its US rival in deliveries and orders, but is widely expected to reveal hundreds of new orders at the Farnborough International Airshow next week.

In November last year, at the Dubai Air Show, the Emirates' order was part of the 777X launch, which was one of the largest product launches in commercial jetliner history. Along with Emirates, Qatar Airways and Gulf carriers Etihad Airways also announced deals for the plane, totaling up to $100 billion at list prices.

Emirates which is presently the world's largest operator of the Boeing 777 jet, was close to finalizing the order.

Emirates and Qatar Airways which also ordered 50 777X jets, at the Dubai Air Show had jointly negotiated the deal. But it was not clear whether Qatar Airways had finalized its order yet.
Qatar Airways and Emirates are part of a trio of Gulf carriers alongside Abu Dhabi's Etihad that have secured large fleets of widebody jets to support the growth of new hubs.

The 777X is the latest version of Boeing's best-selling widebody jet, which is called mini-jumbo, which carries a list price of up to $320 million.
According to Boeing, in a single-class configuration, the latest versions are capable of seating up to 550 passengers. In a more typical three-class configuration the jet family has a range of up to 9,395 nautical miles and seats up to 386 passengers.

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