18 November 2013, DUBAI, UAE – On The auspicious eve of its 42nd National Day, United Arab Emirates National Carrier Emirates Airlines has made a historic aircraft deal in the ongoing Dubai Airshow which is the largest ever aircraft deal in the world.
Emirates airline made historic order of 200 aircraft worth $99 billion on the first day of the Dubai Airshow on Sunday.
Dubai has a passion of being Number one in any aspect of general life which reflects in this deal as well. A country which has a short history of being a Nation (7 emirates united to become UAE back in 1971), country with its petrol resources and brilliant wisdom of the successor to the throne, Dubai is emerging from somewhere in the British colonial era to one of the best place on earth.
According to the news source, Historic Deals signed for 150 Boeing 777X plus 50 purchase rights and an additional 50 Airbus A380.
The two separate orders with Boeing and Airbus were announced by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO of Emirates airline and Group, in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Emirates airline ordered for 150 Boeing 777X worth $76 billion, comprising 35 Boeing 777-8Xs and 115 Boeing 777-9Xs, plus 50 purchase rights.
Separately, it placed another order for 50 A380 aircraft valued at $23 billion with European plane-maker Airbus.
The agreements were signed by Sheikh Ahmed with James McNerney, Boeing chairman, president and CEO, and Fabrice Brégier, Airbus’ president and CEO.
“Air transport is a key enabler of world trade, and we see that demand for aviation services will continue to grow globally. What we’re announcing today is a continuation of our commitment and vision to connect the world through our efficient hub in the Middle East. Emirates’ aircraft orders today, with deliveries of the 777X scheduled to start in 2020, will take us to 2025 and beyond – replacing aircraft due for retirement and providing the foundation for future growth,” said Sheikh Ahmed.
“The announcement today includes the purchase of 300 GE9X engines from General Electric, to power the 150 Boeing 777X aircraft ordered. Taking into account the US Government jobs multiplier (every $1 billion in US aerospace exports supports 5,747 American jobs), today’s historic order will protect and support over 436,000 jobs in US aerospace manufacturing — not only at Boeing and GE facilities, but with hundreds of other suppliers,” said Shaikh Ahmed.
“By strategically placing the A380 at the center of its business, Emirates is maximizing its leading position with each day of operations. Emirates has understood from the start the A380’s advantages in terms of efficiency, economics and passenger comfort. It has been a true crowd-puller and contributor to the rapid development of Emirates and its Dubai hub,” said Fabrice Brégier, Airbus CEO and President. “We value our partnership with Emirates airline and are pleased to see this getting stronger each day with their A380s flying.”
Emirates’ 777-8X and 777-9X will be a combination of two and three-class configurations, with the 777-8X potentially seating 342 passengers in three classes, and the 777-9X seating over 440 passengers in two classes. “Emirates today operates more than one in every 10 Boeing 777 aircraft built. It is the workhorse of our fleet. What the 777X does, is offer us a flying range comparable with the 200LRs and 300ERs, but with more passenger capacity at potentially up to 18 per cent more fuel efficiency,” said Tim Clark, President Emirates Airline.
Emirates currently operates the world’s largest fleet of A380s with 39 in service. Its order for 50 additional A380 aircraft today brings Emirates’ total A380 order book to 101 aircraft, worth $45 billion. A combination of two and three-class cabin configuration, the first 25 of these latest A380 aircraft orders are scheduled to be delivered before the first quarter of 2018.
“The A380 continues to be the flagship of our fleet, and after five years in operation it remains highly popular with our passengers,” said Tim Clark, President Emirates Airline. “It is still one of the most efficient aircraft to operate today in terms of fuel burn and emissions per passenger, and it gives us the flexibility in some cases to meet passenger demand in slot-constrained markets.”
Source: Khaleej Times