Emirates Airline announced on Monday that it placed an order for 95 Boeing aircraft jets valued at $52 billion. This marks the first major deal of the 2023 Dubai Airshow.
According to reporting from CNBC, “the state-owned flagship Dubai carrier, a subsidiary of Emirates Group, is ordering 55 additional Boeing 777-9s and 35 of its 777-8s, bringing the airline’s total orders for the 777X wide-body jets to 205 units.
It is also updating its order of Boeing 787 Dreamliners from 30 to 35, comprised of 15 787-10s and 20 787-8s.”
Emirates also ordered 202 General Electric engines that will power the new 777X aircraft, which can fly up to 18 hours.
The airline already operates the largest number of Boeing 777 aircraft out of any other airline in the world. The increase in demand for wide-body jets emphasizes the importance of the market in the Middle East and its supplies for the aircraft models.
According to analysis from AllianceBernstein, a wealth management firm, “Middle East customers now account “for the largest portion of combined Airbus and Boeing wide-body passenger backlog at 30% of the global total.”
The Middle East also has the major role of being a connection hub for long haul journeys. Boeing and Airbus are two companies that have been the biggest source of demand for wide-body jets “with buoyant long-term growth outlooks and healthy recovery in air travel demand since the Covid-19 pandemic fueling airlines’ optimism and orders,” according to CNBC.
“Emirates is the biggest operator of Boeing 777 aircraft, and today’s order cements that position. We’ve been closely involved in the 777 program since its start up until this latest generation of 777X aircraft,” Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline and Group, said during a news conference.
“The 777 has been central to Emirates’ fleet and network strategy of connecting cities on all continents non-stop to Dubai. We are pleased to extend our relationship with Boeing and look forward to the first 777-9 joining our fleet in 2025,” he said.
Eric Mastrota is a Contributing Editor at The National Digest based in New York. A graduate of SUNY New Paltz, he reports on world news, culture, and lifestyle. You can reach him at firstname.lastname@example.org.