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Emirates Airline Places Record Boeing Order

50 Boeing 777s would be priciest deal ever

By the Associated Press

Posted Nov 13, 2011 5:33 AM CST

(AP) – Dubai's fast-growing airline, Emirates, kicked off the region's biggest airshow today with an order for 50 Boeing 777s, which the US-based aircraft maker described as its biggest single order in dollar terms in history. The list price for the deal is $18 billion, but airlines typically negotiate discounts for large orders.

Although the Gulf airlines are the among the world's most ambitious in expanding their fleets and routes, a deal the size of the Emirates contract had not been expected at the airshow because of the large backlog of planes already on order for Emirates and rivals such as Abu Dhabi-based Etihad and Qatar Airways. "It sustains a lot of jobs in the United States—several thousand," says Boeing's CEO. Click to read more about Boeing's oft-delayed flagship Dreamliner.

In this Feb. 8, 2010 file photo, a Boeing Co. 777 owned by Emirates, lands in Everett, Wash. Dubai's fast-growing airline Emirates is kicking off the city's airshow with an order for 50 Boeing 777s.
In this Feb. 8, 2010 file photo, a Boeing Co. 777 owned by Emirates, lands in Everett, Wash. Dubai's fast-growing airline Emirates is kicking off the city's airshow with an order for 50 Boeing 777s.   (Ted S. Warren)
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COMMENTS
Showing 3 of 17 comments
jsehgal
Nov 14, 2011 4:00 AM CST
We are even more dependent on petro dollars to bail us out than I imagined.
jgarbuz
Nov 13, 2011 7:53 PM CST
First  the Arabs create OPEC to raise or lower the price of oil at will, and then they buy whatever they want with our money. Who discovered the oil in Saudi Arabia and the Gulf states? Who developed the oil fields? After we developed it all, OPEC is formed to control oil prices, which today is about $100 a barrel. You need $18 billion dollars worth of airplanes? No problem. Just get Saudi Arabia to cut back production slightly, which raises the price another $2 a barrel, and voila, you get the 50 planes. It's simple. Black gold. Use cheap Bengladeshi labor in the oil fields to keep costs down. In the end, the guy who has to use a car to get work, and has to pay another 5 cents a gallon, is paying for those planes.
JackNelsonSteward
Nov 13, 2011 7:28 AM CST
Oh, hell, that's no big thing ... they're just buying runabouts for the kids, that's all.

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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