Emirates airline reveals $15.1-billion Boeing buy
DUBAI, UNITED ARAB EMIRATES — Long-haul carrier Emirates purchased 40 U.S.-made Boeing 787-10 Dreamliners on Sunday at the start of the biennial Dubai Air Show, a $15.1-billion US deal certain to please U.S. President Donald Trump who has touted the plane’s sales as a job creator in the United States.
The deal appeared to surprise Boeing’s archrival Airbus, whose staff had attended a long-delayed news conference and left the room just moments before the announcement.
Airbus has pinned hopes of continuing production of its double-decker jumbo jet on Emirates, the world’s largest operator of the aircraft which took delivery of its 100th A380 earlier this month. Reports circulated before the air show that a major A380 sale would be coming.
But instead, Emirates CEO and chair Sheikh Ahmed bin Saeed Al Maktoum explained how the airline considered the Airbus A350 and decided to pick the Boeing 787-10.
“We were comparing the two apples,” he said, but found that the Boeing 787 is “the best option” for Emirates “given its maintenance and so on.”
It’s the second time Airbus has lost out on selling the A350 to Emirates.
In June 2014, the state-owned Emirates cancelled an order for 70 A350s after a “fleet requirement” review.
The Boeing 787-10 typically lists for $312.8 million. Delivery will begin in 2022.
Chicago-based Boeing Co. already has 171 787-10s on order. Among those waiting for the aircraft are Abu Dhabi-based Etihad.
The twin-engine 787-10, however, has been a focus of Trump since he came into office. In February, he visited the Boeing plant in North Charleston, S.C., which manufactures the carbon-fiber, 330-seat plane Trump described as “an amazing piece of art.”
The deal was signed in the presence of Dubai’s ruler, Shaikh Mohammed bin Rashid Al Maktoum, who also serves as the United Arab Emirates’ prime minister and vice-president.
“The order will take Emirates’ total (number of) wide body aircraft of the Boeing to 204 aircraft, units worth more than $90 billion,” Sheikh Ahmed said.
“This is a long-term commitment that supports hundreds of thousands of jobs, not only at Boeing but also throughout the aviation supply chain.”
Emirates’ business has suffered under Trump’s travel bans affecting predominantly Muslim nations, as well as the recent ban on laptops in airplane cabins.
Emirates said it slashed 20 per cent of its flights to the United States in the wake of the restrictions.