The order, with a book value of $18bn, makes this the single largest commercial airplane order in Boeing’s history by dollar value. The options for the 20 additional airplanes are valued at $8bn.
‘The 777’s reliability, performance and operating economics have firmly established it as the backbone of our fleet ,’ said Sheikh Ahmed bin Saeed Al Maktoum, chairman and CEO of the airline. ‘Emirates is proud to be the world’s largest 777 operator and this order further establishes our long-term commitment to Boeing and the 777 aircraft.’
Emirates currently operates 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 in 1996, and since then has deployed the aircraft on short, medium, and long-haul routes. The airplane carries 365 passengers up to 7,930 nautical miles.
Emirates is in the process of phasing out 31 older widebodies – A340-300s and 777 “Classics” as part of its policy of maintaining a young fleet. Last year the carrier placed an order for 30 Boeing 777 planes worth $9.1bn at Britain’s Farnborough show.
‘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,’ Sheik Ahmed said.