Mon, Nov 14, 2011
Emirates Order Is The Single Largest Airplane Order In Boeing
History
After having to take a back seat to large-order announcements by
the competition in the last few major trade-show outings, it seems
that the tide is turning for Boeing. Boeing and Emirates have
confirmed an order for 50 Boeing 777-300ERs (Extended Range) plus
options for an additional 20 jetliners. The deal also includes a
12-year GE OnPoint solution agreement for the maintenance, repair
and overhaul of the GE90-115B equipped aircraft. The engine order
list price and service agreement is valued at approximately $6
billion (USD) over the life of the contract.
The total order, with a value of $18 billion, makes this the
single largest commercial airplane order in Boeing's history by
dollar value. It also makes 2011 the best-selling year for the 777
program, surpassing the previous record of 154 orders set in
2005. With the Emirates order, the 2011 net order book for
the 777 currently stands at 182. The options for 20 additional
airplanes is valued at $8 billion.
"The 777's reliability, performance and operating economics have
firmly established it as the backbone of our fleet," said His
Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief
executive, Emirates Airline & Group. "We have an ambitious and
strategic plan to continue growing our international network and
especially increasing our long-haul, non-stop routes. This
order supports our fleet expansion and reiterates our commitment to
operating a modern fleet for the benefit of our passengers and to
ensure operational efficiency as well."
Emirates is the world's largest 777 operator with a fleet of 94
777s through direct purchase and lease, plus additional unfilled
orders on backlog for 41 777-300ERs previously on order. It is also
the only airline in the world to operate every model in the Boeing
777 family, including the 777 Freighter.
Emirates took delivery of its first Boeing 777 – a 777-200 in
1996, and since then, the airline has deployed the 777 on short,
medium and long-haul routes.
"This is an extremely proud moment for us as it not only
underscores Emirates' ongoing confidence in the 777 but also makes
this the single largest order by dollar value in Boeing's history,"
said Jim Albaugh, president and CEO of Boeing Commercial Airplanes.
"As the largest operator of the 777 in the world, Emirates has
played an important role in development of the airplane and its
input over the years has been invaluable in the development of the
777 program."
“Emirates is the largest GE90-115B-powered Boeing
777-300ER operator in the world, and this order further solidifies
its commitment to this phenomenal aircraft/engine
combination,” said David Joyce, president and chief executive
officer of GE Aviation. “The GE90 engine continues to
outperform our expectation in fuel burn, reliability and
durability. GE Aviation looks forward to providing Emirates with
high quality MRO services for the GE90-115B engines to ensure their
exceptional performance continues through their
lifecycle.”
The 777-300ER extends the 777 family's span of capabilities,
bringing twin-engine efficiency and reliability to the long-range
market. The airplane carries 365 passengers up to 7,930 nautical
miles. Boeing incorporated several performance enhancements for the
777-300ER, extending its range and payload capabilities. Increased
performance during flight testing, combined with engine efficiency
improvements and design changes that reduce drag and airplane
weight, contributed to the added capability.
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