Boeing locks down Emirates deal for 787s
Boeing is trying to bounce back following the grounding of the 737 Max.
Boeing continues to ring up sales at the Dubai Airshow.
Emirates and Boeing confirmed on Wednesday a deal for 30 of Boeing's 787 Dreamliners, valued at $8.8 billion according to list prices.
Emirates tentatively ordered 40 Dreamliners in 2017, but to finalize the order this week, details needed to be worked out concerning a previous order for 150 the 777X airplane after it ran into delays.
NORTH CHARLESTON, S.C., Feb. 17, 2017 – The Boeing 787-10 Dreamliner, the third member of the 787 Dreamliner family, made its debut today at Boeing South Carolina. (Boeing)
That order has been reduced by 16 percent to 126 of the airliners.
"Our agreement solidifies Emirates' plan to operate the 787 Dreamliner and the 777X, which make up the most efficient and most capable widebody combination in the industry," said Boeing Commercial Airplanes President & CEO Stan Deal. "It is an honor to build on our successful partnership with Emirates and continue to sustain many jobs at Boeing and our supplier partners."
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| BA | THE BOEING CO. | 149.27 | +5.87 | +4.09% |
"I am pleased to announce a firm order for 30 Boeing Dreamliners," said HH Sheikh Ahmed bin Saeed Al Maktoum, Emirates Chairman and Chief Executive. "This is an important investment and addition to our future fleet and it reflects Emirates' continued efforts to provide the best quality air transport services to our customers."
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Boeing has landed deals so far this week with Kazakhstan.'s Air Astana and Turkey's SunExpress.