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Boeing snares $10bn Emirates order

Discussion in 'Open Discussion' started by BlacKnox, Nov 21, 2005.

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  1. BlacKnox

    BlacKnox Active Member

    Jan 29, 2005
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    From CNN:
    http://edition.cnn.com/2005/BUSINESS/11/20/boeing.deals.ap/index.html

    DUBAI, United Arab Emirates (AP) -- "Emirates Airlines has placed an order for 42 Boeing 777 jets worth $9.7 billion at list prices, the airlines' chairman said Sunday.
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    Separately, China has signed a deal to buy 70 Boeing 737 airliners valued at $4 billion. Chinese airlines also will buy 80 more soon, the government said Sunday during a visit to Beijing by U.S. President George W. Bush.

    Sheik Ahmed bin Saeed Al Maktoum said the Emirates' aircraft -- to be powered by General Electric Co. GE-90 engines in a deal worth $2.5 billion -- include 24 Boeing 777-300 ERs, plus 10 777-200 LR Worldliners and eight 777 freighters.

    Emirates, which has a current fleet of 83 planes, is scheduled to receive the first aircraft from the order in 2007, and has an option to buy 20 more 777s.

    The announcement was made at the annual Dubai Airshow, the largest regional aircraft exhibition.

    Emirates is already the largest customer for Airbus' huge double-decker A380, which made its maiden Mideast flight at the Dubai air show.

    The 777-200LR, which earlier this month broke the world distance record for commercial airliners, will also allow Emirates to start nonstop flights to long-range destinations on the U.S. West Coast and in South America, he said.

    The 777-200LR is the world's longest range commercial jetliner, able to travel more than 13,000 miles nonstop, according to Chicago-based Boeing Co (Full story).

    The deal boosts the airline's order book to 132, with a total value of $37.4 billion. Emirates is awaiting delivery of 23 777-300ERs, 45 A380s, 20 A340-600s and two Airbus A310Fs.

    Industry analysts had expected Emirates to place orders with both Boeing and European rival Airbus Industries at the Dubai air show.

    In China, the Boeing 737 deal was announced by the official Xinhua News Agency as Bush met Sunday with Chinese President Hu Jintao.

    Beijing often announces large purchases of American airliners in connection with visits by U.S. leaders in an effort to mollify Washington's frustration at China's surging trade surplus.

    Xinhua gave only the catalog value of the planes and didn't say what Chinese carriers would pay for them. Buyers typically negotiate hefty discounts on sizable orders.

    They are to be delivered between 2006 and 2008 to Chinese carriers Air China, China Southern Airlines, China Eastern Airlines, Shanghai Airlines, Xiamen Airlines, Shandong Airlines, Hainan Airlines and Shenzhen Airlines, according to Xinhua.

    It said the planes were being bought on behalf of the airlines by a state-owned company that imports aircraft. That company "will soon sign another purchase agreement with Boeing for 80 more B737 aircraft," Xinhua said.

    Hu told Bush that China would take steps to reduce its trade surplus with the United States but didn't discuss specific measures. China's trade surplus with the United States hit a record $162 billion in 2004 and is expected to pass $200 billion this year.

    Boeing says it expects Chinese carriers to buy more than 2,600 new aircraft worth $213 billion over the next two decades as the country's economy grows and more people travel.

    Kuwait-based Jazeera Airways also announced Sunday that it agreed to buy six Airbus A320s, bringing the total number of that aircraft type in its fleet to 10. The low-budget, no-frills carrier expects to take receipt of the new planes sometime between 2007 and 2010. No value for the order was given."
     
  2. JohnK

    JohnK Veteran Member

    Mar 22, 2005
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    I gues that means they have major plans to expand.

    10 777-200LR Worldliners and Airbus's largest A380 customer. Planning some long non-stop flights.

    Anyone hear anything on the grapevine? Sydney-London possibly? Dubai-US?
     


  3. NM

    NM
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    Aug 27, 2004
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    Won't be SYD-LON. Their hub is Dubai and they are not going to overfly it. They certainly are planning lots of Dubai to USA and South America. And of course we know they have applied to double their flights to/from Australia.
     
  4. JohnK

    JohnK Veteran Member

    Mar 22, 2005
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    Silly me I suppose that means direct flights Aus to Dubai instead of stopover. Can't imagine that would be very popular unless trying to avoid double transit en route to Europe.
     
  5. serfty

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    Nov 16, 2004
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    There's quite a few direct EK flights Oz to/from Dubai already.

    My brother works the UN in some horrible places in Africa and around the Middle east; is now a top level Skyeards member and loves Dubai. (I suppose the UAE would seem like a paradise after 6 weeks in Afganistan)
     


  6. JohnK

    JohnK Veteran Member

    Mar 22, 2005
    37,610
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    I was not aware.

    EK seems to be growing quite rapidly and I think the service is quite good from what I hear on aff.

    I think anyplace would be a paradise compared to Afghanistan. :lol: Poppy capital of the sub-continent.
     
  7. BlacKnox

    BlacKnox Active Member

    Jan 29, 2005
    732
    13
    Some huge numbers being thrown around; definitely in the wrong business. The significance of this order is commented upon here:

    http://www.travelbiz.com.au/articles/46/0c02e946.asp

    We’ll beat Airbus on orders: Boeing exec
     
    "A Boeing executive has claimed the aircraft manufacturer will reclaim world market share leadership over its European rival Airbus this year.
    Airbus overtook Boeing by aircraft deliveries in 2003 and beat the US company again in 2004.

    In terms of orders, Airbus has outsold Boeing every year since 2001. But Boeing’s recently appointed head of commercial aircraft sales, Scott Carson, claimed Boeing would reverse market share on orders very quickly. Last year Boeing fell short of its target for winning 200 orders for the new 787.

    Carson said disclosing any kind of order target for the 787 had been a mistake, since some airlines held off on orders because they thought the pressure to reach the sales goal would prompt Boeing to offer them a better deal.

    He claimed the 787 was doing incredibly well in the marketplace and claimed Airbus’ rival A350 was not a factor in sales of the aircraft.
    The last year Boeing won more orders than Airbus was 2000, but in the first quarter of this year, the US firm has won some major orders, including recent deals with low-cost Irish carrier Ryanair and some Chinese airlines".
     
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