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Aircraft industry

Emirates Lands Record $18bn Order for 50 Boeing 777s at Dubai Airshow

Strategic Insights

— 1 min read

Emirates Airlines started the Dubai Airshow with a bang, securing a monumental $18bn order for 50 Boeing 777s, marking the largest dollar-value order in Boeing's history. Sheikh Ahmed bin Saeed Al-Maktoum, Emirates' chairman and chief executive, hailed the deal as a milestone, emphasizing the airline's commitment to expanding its long-haul destinations and excelling as a world-leading carrier. The order outpaces the total value of deals announced at the 2009 Dubai Airshow, when the global financial crisis curtailed spending to just over $14bn.

Key Takeaways:

  • Emirates placed a record $18bn order for 50 Boeing 777s at the Dubai Airshow, the largest dollar-value order in Boeing's history.
  • The order surpasses the total value of deals announced at the 2009 Dubai Airshow, which was impacted by the global financial crisis.
  • Emirates has a fleet of 162 wide-bodied aircraft serving 115 destinations in 67 countries.
  • The airline aims to expand its long-haul destinations and continue to excel as a world-leading carrier, connecting the world to Dubai and beyond.
  • Emirates holds the fastest growth rate among carriers, having placed an order for 30 Boeing 777 planes worth $9.1bn at the 2016 Farnborough show.
  • The carrier may place additional aircraft orders at the Dubai Airshow, which will run until Thursday.
  • Emirates' chairman and chief executive, Sheikh Ahmed bin Saeed Al-Maktoum, emphasized the deal's significance, stating it represents "a milestone in our expansion plans."

Statistics:

  • $18bn: the record dollar-value order for 50 Boeing 777s.
  • 50: the number of Boeing 777s ordered.
  • $14bn: total value of deals announced at the 2009 Dubai Airshow.
  • 162: the number of wide-bodied aircraft in Emirates' fleet.
  • 115: the number of destinations served by Emirates.
  • 67: the number of countries served by Emirates.
  • 30: the number of Boeing 777 planes ordered by Emirates at the 2016 Farnborough show.
  • $9.1bn: the value of the 30 Boeing 777 planes ordered by Emirates at Farnborough.

Sources:

  • AP
  • Emirates

"Pioneering spirit and innovation have defined us over the years. The Dubai Airshow is the perfect platform for us to kick-start a new chapter in our expansion plans," (pasted.from Emirates' Chairman's speech)

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