Emirates and Boeing finalise order for 150 777X aircraft

A picture of a 777X in Emirates livery The deal, worth $56bn (£33bn) at list prices, includes 115 777-9Xs and 35 777-8Xs

US plane maker Boeing and Emirates Airline have finalised a deal for 150 new 777X mini-jumbo jets.

The deal, worth $56bn (£33bn) at list prices, was agreed at the Dubai Airshow in November.

The agreement includes a provision for Emirates to increase its order by a further 50 aircraft.

Boeing plans to start producing 777X planes in 2017, and has set itself a target of 2020 to deliver the first aircraft.

"With the order for 150 777Xs, Emirates now has 208 Boeing 777s pending delivery, creating and securing jobs across the supply chain," said Emirates president Sir Tim Clark.

"The 777X will offer us operational flexibility in terms of range, more passenger capacity and fuel efficiency, and we look forward to inducting them into our fleet from 2020."

The Emirates order includes 115 777-9Xs and 35 777-8Xs. To date, Boeing has orders and commitments for about 300 777X planes for six customers.

Last month, Emirates cancelled an order made in 2007 for 70 Airbus A350s.

Airbus said the cancellation had been made after "ongoing discussions with the airline in light of their fleet requirement review".

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Business Live

  1.  
    06:30: AbbVie

    Big news from the pharma world overnight as US company AbbVie announced a deal to buy leukemia drugmaker Pharmacyclics for $21bn (£13.8bn). It appears to have won the prize from under the nose of Johnson & Johnson, which some reports say was close to a deal.

     
  2.  
    06:20: Brazil economy Radio 5 live
    Copacabana beach

    The Brazilian currency - the real - has hit a 10-year low after the central bank raised interest rates by half a point to a stonking 12.75% overnight. The BBC's Daniel Gallas in Sao Paulo tells Wake Up to Money that the country could tip into recession this year as the government embarks on an austerity drive, raising taxes and cutting spending.

     
  3.  
    06:11: Interest rates Radio 5 live

    It's been six whole years since the Bank of England cut the base rate to 0.5%. That's been good for borrowers, but not so great for savers - of which there are many more after all. Vivan Slattery, an independent financial adviser, tells Wake Up To Money many of her clients have stayed in cash but are now looking at alternatives given that rates do not seem set to increase sharply anytime soon - particularly as many mortgage holders are now on the standard variable rate.

     
  4.  
    06:05: China growth Radio 5 live

    China has announced that its target growth rate for 2015 is 7% - down from 7.5% for last year. The BBC's Ali Moore in Singapore says the new target is not a reflection of panic in Beijing but part of its drive to lower expectations and rebase the economy to focus more on domestic demand. "It's more about quality than quantity," she adds.

     
  5.  
    Welcome to Thursday Chris Johnston Business reporter

    Good morning from me and Matthew West. Another busy day of business news coming up - we'll be here to guide you through it all. Get in touch with your comments at bizlivepage@bbc.co.uk or on Twitter at @bbcbusiness.

     

Features

From BBC Capital

Programmes

  • Kinetic sculpture violinClick Watch

    The "kinetic sculpture" that can replicate digital files and play them on a violin

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.