Dubai Air Show opens with Emirates and Boeing reaching $15.1B deal

Emirati officials visit an Airbus A-380 decorated with an image of the late Sheikh Zayed bin Sultan Al Nahyan, during the opening day of the Dubai Air Show, United Arab Emirates, Sunday, Nov. 12, 2017.

http://fortune.com/2017/11/12/dubai-air-show-emirates-boeing/

Long-haul carrier Emirates purchased 40 American-made Boeing 787-10 Dreamliners on Sunday at the start of the biennial Dubai Air Show, a $15.1 billion deal certain to please U.S. President Donald Trump who has touted the plane’s sales as a job creator in America.

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 Chairman 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, South Carolina, which manufactures the carbon-fiber, 330-seat plane Trump described as “an amazing piece of art.”

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mates rates..

“But instead, Emirates CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum explained how the airline considered the Airbus A350 and decided to pick the Boeing 787-10.”

airbus got pipped at the post..these are big deals and somebody will lose a job at airbus..

“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.”

uh huh..

401

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~ by seeker401 on November 15, 2017.

5 Responses to “Dubai Air Show opens with Emirates and Boeing reaching $15.1B deal”

  1. Boeing inks $1.8 billion Ethiopian Airlines deal

    https://finance.nine.com.au/2017/11/15/08/00/boeing-inks-1-billion-dollar-ethiopian-airlines-deal

  2. Well most are going into debt Boeing is profiting.

  3. Airbus gets bigger deal than Boeing (late deals at the Air Show it seems):

    “Airbus SE announced the biggest commercial-plane transaction in its history, securing an order for single-aisle aircraft valued at nearly $50 billion at the Dubai Air Show, outdoing Boeing Co.’s own $20 billion mega-deal.”

    https://www.bloomberg.com/news/articles/2017-11-15/airbus-is-said-to-near-deal-for-430-jets-with-indigo-partners

  4. fwiw, i flew in a 787 ‘dreamliner’ and the fresh air system, with lower pressure and less dry air, was really nice.

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