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Emirates Airlines Places USD 9.7 Billion Order for Boeing 777

Strategic Insights

— 1 min read

Emirates Airlines has announced its largest aircraft order to date, valuing at USD 9.7 billion, for 42 Boeing 777s to be powered by GE90 jet engines. The order includes 24 Boeing 777-300ERs, 10 777-200LR Worldliners, and eight 777 Freighters, with purchase rights for 20 more 777 aircraft. This agreement solidifies Emirates' commitment to growth and expansion, citing escalating demand for its services across the globe. The new aircraft will enable the airline to extend and strengthen its routes to key cities in Europe and Asia, and operate to new markets, including non-stop flights to cities on the US West Coast.

Key Takeaways:

  • Emirates Airlines has placed the largest order in its history, worth USD 9.7 billion, for 42 Boeing 777s.
  • The order consists of 24 Boeing 777-300ERs, 10 777-200LR Worldliners, and eight 777 Freighters, with purchase rights for 20 more 777 aircraft.
  • The agreement includes a 12-year service agreement with GE for maintenance and overhaul, valued at USD 2 billion, in addition to the USD 9.7 billion aircraft order.
  • The new aircraft will support Emirates' growth plans, enhance its fleet's range and versatility, and enable the airline to explore new destinations and expand its route network.
  • The 777-200LR, which recently broke the world distance record for a commercial airliner, will allow Emirates to operate non-stop flights to cities on the US West Coast.
  • Emirates' current aircraft order book now stands at 132, with a total value of USD 37.4 billion.
  • The airline has a total of 23 Boeing 777-300ERs, 45 A380s, and 20 A340-600s pending delivery, in addition to its new Boeing 777 order.

Statistics:

  • USD 9.7 billion: the total value of the Boeing 777 order placed by Emirates Airlines.
  • 42: the number of Boeing 777 aircraft ordered by Emirates Airlines.
  • USD 2 billion: the value of the 12-year service agreement with GE for maintenance and overhaul.
  • 24: the number of Boeing 777-300ERs ordered by Emirates Airlines.
  • 10: the number of 777-200LR Worldliners ordered by Emirates Airlines.
  • 8: the number of 777 Freighters ordered by Emirates Airlines.
  • 20: the number of additional 777 aircraft Emirates has purchase rights for.
  • 132: the current number of aircraft in Emirates' order book.
  • USD 37.4 billion: the total value of Emirates' current aircraft order book.

Sources:

  • PTI, "Emirates Airlines places USD 9.7 bn order for Boeing 777" (Nov 20, 2005).
  • Emirates Airlines press release.

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