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Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 8:34 pm

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.
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``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.

 
Joni
Posts: 2613
Joined: Thu Aug 10, 2000 11:05 pm

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 8:50 pm


Oh my goodness, there's a confirmation of this on Emirates' website!

This is fantastic news, especially in the current environment, for both Airbus and Boeing.

(this brings total A380 orders to 82)
 
Scorpio
Posts: 4768
Joined: Thu Oct 04, 2001 3:48 am

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 8:55 pm

WOW!

They sure plan to go for some major growth the next few years. Let's just hope they're not being too ambitious...
 
f.pier
Posts: 1405
Joined: Fri Aug 25, 2000 2:50 am

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 10:09 pm

GREAT NEWS, Especially for my beloved Airbus
 
flying-b773
Posts: 378
Joined: Sat Apr 28, 2001 11:24 pm

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 11:14 pm


I hope they will do well.... becoz their order of 22 B777s and 15 more A380 seems crazy...

so much capacity... but they have a great fleet...
 
dennys
Posts: 656
Joined: Tue May 08, 2001 11:19 pm

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 11:27 pm

what about the A340-500 ?
 
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RayChuang
Posts: 7986
Joined: Sat Jun 24, 2000 7:43 am

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 11:27 pm

This EK order is definitely mind-boggling.  Wow!

And it also confirms that EK is definitely serious about flying to the USA direct from DXB. I can imagine EK A340-600's and A380-800's being common sights at JFK and DTW by 2008.  Smile
 
hoons90
Posts: 3116
Joined: Wed Aug 01, 2001 10:15 pm

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 11:28 pm

I wish Korean Air or Asiana ordered the A340-600 or the A380
The biggest mistake made by most human beings: Listening to only half, understanding just a quarter and telling double.
 
hkgspotter1
Posts: 5750
Joined: Fri Nov 04, 2005 12:43 pm

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 11:31 pm

So my friends the A380 is dead is it ?. I DONT THINK SO.

This is fantastic for Airbus and Boeing.
 
Marco
Posts: 4005
Joined: Sun Jul 09, 2000 3:41 pm

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 11:31 pm

I read in the business section of the Gulf News, that their first wave of expansion in North America, will be in the year 2003 and the first three cities will be JFK, LAX and YYZ!
Proud to be an Assyrian!
 
L-188
Posts: 29881
Joined: Wed Jul 07, 1999 11:27 am

RE: Emirates Orders Boeing,Airbus Planes

Sun Nov 04, 2001 11:33 pm

This is a hell of a lot of capacity to be adding.
OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.

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