Boeing closes in on major deal with Emirates for 777X jets
Boeing is closing in on a major order for its 777X wide-body model from Emirates, according to people familiar with discussions, in what would provide an important boost to a programme that’s years behind schedule.
Already the biggest buyer of the wide-body aircraft, Emirates is poised to order a high double-digit number of the 777X, said the people, asking not to be identified discussing private negotiations. As part of the deal, regional affiliate FlyDubai could take on some smaller 787 Dreamliners, the people said. Boeing and Emirates declined to comment.
An accord with the biggest international airline would be a vital endorsement of Boeing’s newest and largest aircraft, which has struggled to pull in sales as it remains behind schedule for entry into service. Any additional purchase of the plane, which comes with novel folding wing tips, would add to a backlog of 115 777X that Emirates previously ordered.
The Dubai carrier is among the largest operators of wide-body aircraft, using its hub in Dubai as a global connecting airport between the US, Europe and Asia. With the Dubai Air Show kicking off on Monday (Nov 13), the event will provide a backdrop for major deals as carriers rush to replenish and upgrade their fleets.
Other operators likely to announce major commitments at the event include Turkish Airlines, which is close to an order for about 350 Airbus SE aircraft, including both narrow and wide-body jets, people close to the talks said earlier.
Expanding its fleet with wide-body aircraft such as the 787 would mark a strategic shift for FlyDubai, which now relies on the Boeing 737 aircraft for shorter routes around the Middle East, parts of Africa and as far as Malaysia, according to the carrier’s website.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Emirates is also in negotiations with Airbus about an order for the European manufacturer’s flagship A350 aircraft. That purchase and the accord with Boeing are still under final negotiations, and terms of the deals and the timing of any announcements could change, the people cautioned.
Airbus declined to comment on discussions with customers. BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone