Boeing in pdx From , joined Dec 1969, posts, RR: Posted (12 years 11 months 2 days 11 hours ago) and read 1766 times:
DUBAI, Nov 4 (Reuters) - Dubai government-owned Emirates [EMAIR.UL], shrugging off a severe downturn in the global aviation industry, announced deals on Sunday worth $15 billion with Boeing Co (NYSE:BA - news) and EADS affiliate Airbus SAS.
``Emirates today announces its largest-ever aircraft order -- valued at a massive $15 billion,'' the airline said in a statement issued after a news conference at the Dubai Air Show, the first major conference for the aerospace industry since the September 11 attacks.
The airline, the fastest growing carrier in the Middle East, said it would raise the combined $15 billion ``without a dollar in subsidy from any source''.
Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum told reporters that the airline had placed a firm order for 22 superjumbo A380s, including seven A380s whose purchase was announced last year, valued at $7 billion plus 10 options.
The seven A380s, including two freighters, are valued at around $1.7 billion based on catalogue prices.
Sheikh Ahmed said Emirates would acquire three more Airbus A330-200s valued at $415 million and had also signed a letter of intent for eight A340-600s valued at over $1 billion.
The airline later announced a $6.6 billion deal with Boeing for 25 new 777-200s and 777-300s to be delivered between 2004 and 2010.
``These are difficult times for the airline industry, but the dynamics of the business requires us to plan ahead,'' Sheikh Ahmed said.
Emirates' fleet of 36 aircraft includes mainly A330-200s, but also Boeing B777-300s and B777-200s. An order for two A330-200s was announced by Airbus earlier this year for delivery by August 2002.
Emirates said it would boost its fleet to 100 by 2010.