Emirates Airline Splash Out $100 Billion New Aircraft Orders

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Dubai Airshow 2013 commenced with a very grand celebration as it takes off with $100Emirates Airline Splash Out $100 Billion New Aircraft Orders billion Emirates Airline aircraft order.

Setting a new record in aviation industry, Dubai’s flag carrier officially ordered 150 Boeing 777X, comprising 35 Boeing 777-8Xs and 115 Boeing 777-9Xs, plus 50 purchase rights; and an additional 50 Airbus A380 aircraft.

Excluding purchase rights, the Boeing and the Airbus orders costs $99 billion, the largest aircraft order in the history of civil aviation as well as Emirates’ largest order announced at any event to date.

Today, at the Dubai Airshow, the agreement was formally signed by by Sheikh Ahmed Bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group, with Jim McNerney, Boeing Chairman, President and CEO, and Fabrice Brégier, Airbus’ President and CEO. The signing was witnessed by His Highness Sheikh Mohammed bin Rashid Al-Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai.

Emirates’ Boeing 777X order is the single largest aircraft order by value in the history of U.S. commercial aviation, and the additional A380 order cements Emirates, already the largest operator of this aircraft type, as the principal customer for the A380 worldwide.

These latest orders bring Emirates’ total firm order book to 385 aircraft (excluding options or purchase rights), comprising 214 Boeing 777s, 101 Airbus A380s, and 70 A350s, at a total estimated value of $166 billion.

Meanwhile, Emirates has also called upon the Western markets to open up their airports towards creating equal opportunity to all players.

Sheikh Ahmed bin Saeed Al Maktoum said he expects a great potential in the West and that countries should allow airlines to operate freely. “We are buying a product from their countries. So why would they not allow us to fly to these airports? If they don’t, they can take their planes back.”

He added that one in every three A380 in the air will be part of the Emirates fleet and the aircraft will provide Emirates with an opportunity to expand and also replace its aging fleet.