Emirates signs $52 billion deal with Boeing for 95 widebody aircraft

In the latest announcement made at the Dubai Airshow 2023, Emirates has revealed plans to purchase an additional 95 widebody aircraft from US aircraft maker Boeing. The deal, valued at $52 billion (Dh191 billion), was witnessed by several key figures, including Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, and Sheikh Mansour bin Mohammed bin Rashid Al Maktoum.

Emirates’ Chairman and Chief Executive, Sheikh Ahmed bin Saeed Al Maktoum, along with senior Boeing officials, unveiled the new order, which brings Emirates’ total order book for aircraft to 295. This significant deal comes on the heels of the record profit announced by the airline and its parent group in the previous week.

Emirates attributes its record performance to strong passenger demand for international travel, its ability to activate capacity in response to demand, and its offerings of great value and services. The airline, which operates passenger and cargo services to 144 airports, has seen substantial growth despite the challenges posed by the global landscape.

In addition to the new widebody aircraft order, Emirates has also updated its previous order of 30 Boeing 787-9s to a total of 35 Dreamliners, which will further support Dubai’s economic agenda and broaden its foreign trade map.

Emirates expects to significantly expand its fleet by the early 2030s, aiming to operate around 350 aircraft and connect Dubai to even more cities around the world. The news has been met with anticipation and positivity, with Stan Deal, president and CEO of Boeing Commercial Airplanes, expressing confidence in the efficiency of Boeing’s 777X family, the aircraft at the center of Emirates’ latest order.

Numerous senior officials from the airline, including president Sir Tim Clark; chief operating officer Adel Ahmad Al Redha and chief commercial officer Adnan Kazim, were in attendance at the press conference, signaling the strategic importance of the deal.

The $52 billion order emphasizes Emirates’ commitment to enhancing its fleet, developing its network and operations, and strengthening Dubai’s position in global trade. div