Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, mid-blue sandals, passes a Boeing Co. 787-10 passenger aircraft operated by Emirates Airlines during the 15th Dubai Air Show at Dubai World Central (DWC) in Dubai, United Arab Emirates, Monday, November 13, 2017.
Natalie Naccache | Bloomberg | Getty Images
DUBAI, United Arab Emirates – Dubai's flagship company Emirates Airline concluded a deal to buy 30 of Boeing's 787-9 Dreamliner jets, executives of both companies announced Wednesday at the Dubai Air Show.
The agreement proposes a reduction to a previous commitment of 777x jets from the US aircraft manufacturer, down by 30 to 1
The medium-sized 787-9 jet is a larger and longer range of Boeses Dreamliner, which seats 242 to 330 passengers in a two-class layout. The order is valued at $ 8.8 billion at list prices, but a steep discount is typically negotiated by airlines.
The order is crucial for the US manufacturing giant, whose sales have been hit hard after two disastrous crashes of the popular 737 Max jet in less than five months that killed a total of 346 people. The fleet of approximately 400 737 Max jets around the world has been founded since March.
It comes in addition to five 787 Dreamliner sales earlier this week: two to Biman Bangladesh Airlines and three to the Ghanaian government ahead of the launch of a new local carrier. Boeing also managed to attract bids for around 60 of the packaged 737 Max jet from Turkish-based carrier SunExpress, Kazakhstan's Air Astana and a third unveiled buyer.
Meanwhile, Emirates President Tim Clark told reporters at a press conference that the airline – the largest international carrier in the world – will restart with expansion at the beginning of the 2020s, following the current consolidation period. Clark in October revealed high plans to expand the Emirates fleet by 30% by the end of 2025.
As of October, Emirates had a fleet of 270 aircraft, including 12 goods. In addition to ordering 30 Boeing jets on Wednesday, it announced on Monday an order for 50 Airbus A350-900 jets worth $ 16 billion at list prices. The A350 order had been revised to cancel a previous order on the A330neo jet from the French aircraft manufacturer, favoring a larger order of the lighter and slightly wider body A350.
Emirates is the largest buyer of Airbus's iconic A380, the world's largest airline, with 123 of its aircraft in its fleet. But the cut in orders from the jumbo jet early this year led the French manufacturer to announce that it would scrap its production. Aviation analysts called it "the end of a time," as the industry's symbol of excess and luxurious flight was set up for smaller and more fuel-efficient aircraft that are now increasingly preferred by airlines.