Boeing chief Stanley A. Deal (left) shakes hands with Sheikh Ahmed bin Saeed Al Maktoum in Dubai. AP
The Middle East’s biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 Dreamliners in a deal valued at $8.8 billion.
Emirates CEO and Chairman Sheikh Ahmed Bin Saeed Al Maktoum said this order replaces an agreement for 150 777x Boeing to 126 of that aircraft, and adds 30 of the 787-9 Dreamliners. He spoke to reporters at the Dubai Airshow.
Boeing head Stanley A. Deal (left) hands Sheikh Ahmed Bin Saeed Al Maktoum model carrier Emirates. AP
Combined with Emirates’ previous announcement this week for new Airbus aircraft, this brings the airline’s total orders at the airshow to $24 billion. Airlines, however, typically negotiate steep discounts from manufacturers.
Emirates announces $16bn deal to buy 50 Airbus 350 planes
On Monday, Emirates, announced it would be buying 20 additional wide-body Airbus A350s, bringing its total order for the aircraft to 50 in an agreement worth $16 billion at list price.
That deal, however, replaces a $21.4 billion agreement struck in February to purchase 70 Airbus aircraft, which had included 40 of the A330neo. Delivery is slated to start in 2023.
The Emirates, which feeds Dubai’s busy international airport, posted significantly lower earnings of $237 million last year due to spikes in fuel costs at the end of 2018, a strengthened US dollar, lower airfreight demand and weakened travel demand.
The five-day Dubai biennial airshow, which started Sunday, draws major commercial and military firms from around the world, as well as smaller manufacturers competing for business in the Middle East. The United States has the largest foreign country presence with around 140 exhibitors.
The video of the event reminds us of an action packed scene from a Hollywood movie.
Emirates confirmed that the Dubai International Airport was closed from 12.36hrs to 12.51hrs local time on Sunday due to suspected drone activity in the surrounding airspace.
Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Board of Trustees for Emirates Literature Foundation, said: “Literature can be a lifeline, especially for those who need it the most. I am very proud of the difference we make in the lives of all the people we reach through our many projects.”
“The Saturday-Sunday weekend sets a great balance in aligning with the UAE's banks and markets with world’s major economies, while the half Friday off helps increase social wellbeing and family ties.
In line with the Health and Wellness Week at Expo 2020 Dubai, the Swiss Pavilion is organising a series of talks, lectures and panel discussions,
Brazilian Pavilion at the Expo 2020 clocked one million visitors since the start of the global event in October, opening up significant opportunities for the country