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Dubai's Emirates Air Orders 150 Boeing 777X Planes Worth $76 Billion
The Wall Street Journal ^ | Nov 17, 2013 | RORY JONES

Posted on 11/17/2013 11:14:19 AM PST by MinorityRepublican

DUBAI—Emirates Airline on Sunday placed a $76 billion order with Boeing Co. BA +0.73% at the Dubai airshow for 150 of the manufacturer's new 777X aircraft, helping make the model the largest product launch in commercial jetliner history.

The Dubai-based carrier, which is the world's largest international airline by capacity, is the biggest scalp so far for Boeing as it is the largest operator of the manufacturer's current 777 fleet, with more than 120 in service.

Qatar Airways, meanwhile, placed an order for 50 Boeing 777X worth $19 billion, and Emirates said it had purchase rights for a further 50 777X.

Earlier on Sunday, Etihad Airways became the second customer to order the 777X, purchasing 25 aircraft in a bulk commitment after Lufthansa LHA.XE +1.71% first committed to buy the jet in September. The announcements meant Boeing received almost $100 billion in orders for the 777X, its best launch, according to Boeing Chief Executive James McNerney.

Boeing is expected to begin delivery of the revamped and more fuel-efficient version of the 777 aircraft before the end of the decade.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: 777; 777x; aerospace; boeing; dubai; uae; unitedarabemirates

1 posted on 11/17/2013 11:14:19 AM PST by MinorityRepublican
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To: MinorityRepublican

And to be built in South Carolina. I hope those IAM union bosses are happy with themselves.


2 posted on 11/17/2013 11:16:37 AM PST by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: SkyDancer
And to be built in South Carolina. I hope those IAM union bosses are happy with themselves.

That still depends on how much the unions paid off the politicians. Washington state is supposed to be offering Boeing "incentives" to stay. I hope Boeing doesn't fall for it, SC could use the jobs.

3 posted on 11/17/2013 11:21:06 AM PST by Oshkalaboomboom
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To: MinorityRepublican

Emirates is a great airline, leagues ahead in quality of service compared to any American airline. However, I don’t use them on (a perhaps flawed) principle that the airline belongs to a repressive Muslim regime.

I prefer Singapore Airlines instead, and they are a gold standard when it comes to flying.


4 posted on 11/17/2013 11:22:14 AM PST by James C. Bennett (An Australian.)
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To: SkyDancer

Boeing Chairman James McNerney, left, shows United Arab Emirates' Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum, middle, a model of the new version of its 777 long-haul jet on Sunday.

5 posted on 11/17/2013 11:26:44 AM PST by MinorityRepublican
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To: Oshkalaboomboom

Well can’t see it. Why would the unions after voting down the Boeing offer then turn to the politicians of the state to offer incentives for Boeing to stay. Secondly it’ll be the taxpayers in the end that would pay for it.


6 posted on 11/17/2013 11:28:42 AM PST by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: SkyDancer
And to be built in South Carolina.

South Carolina builds 787s. The 777 line is still in Washington.

7 posted on 11/17/2013 11:31:27 AM PST by DoodleDawg
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To: MinorityRepublican

I wonder what the sales commission plan is like at Boeing...


8 posted on 11/17/2013 11:32:48 AM PST by ProtectOurFreedom
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To: Oshkalaboomboom
I hope Boeing doesn't fall for it, SC could use the jobs.

It would take a couple of years and several billion dollars to expand the manufacturing in South Carolina to add the 777x and train a workforce to build it. That delay would probably cost Boeing hundreds of 777 orders. They'll wind up cutting a deal with the unions would be my guess.

9 posted on 11/17/2013 11:34:11 AM PST by DoodleDawg
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To: MinorityRepublican


10 posted on 11/17/2013 11:36:42 AM PST by JoeProBono (SOME IMAGES MAY BE DISTURBING VIEWER DISCRETION IS ADVISED;-{)
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To: MinorityRepublican

Good to see some of our oil money being repatriated


11 posted on 11/17/2013 11:38:30 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: James C. Bennett
I prefer Singapore Airlines instead, and they are a gold standard when it comes to flying

Man is that true.

We send teams all over the world and they get to fly biz class for intercontinental flights > 6 hrs.

They all fly Singapore, even if it means going out of the way for the routing.

Or you could fly American Airlines and have the Senior Set crab at you.

12 posted on 11/17/2013 11:38:49 AM PST by Regulator
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To: DoodleDawg

Soon tp be built in a Right To Work State. SC is one RTWS of many.


13 posted on 11/17/2013 11:39:40 AM PST by SandRat (Duty - Honor - Country! What else needs said?)
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To: MinorityRepublican

Just WOW.


14 posted on 11/17/2013 11:39:55 AM PST by Sequoyah101
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To: Don Corleone

Dubai is beyond what we buy

15 posted on 11/17/2013 11:41:50 AM PST by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
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To: DoodleDawg

The issue of where to build this much bigger 777 is still up for grabs...


16 posted on 11/17/2013 11:43:49 AM PST by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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To: DoodleDawg

I don’t think for long. Boeing is looking at SC .... I had added “to be built in South Carolina” because Boeing already had a line there and the way the union rejected Boeing’s offer .... well ....


17 posted on 11/17/2013 11:51:12 AM PST by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: DoodleDawg

I still believe Long Beach has a shot. The C-17 line is closing about the time Boeing needs to start up the 777X. Will be interesting to watch.


18 posted on 11/17/2013 11:58:19 AM PST by Shark24
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To: DoodleDawg
Boeing broke ground in building their S.C. plant in November of 2009 and started limited production in July of 2011.
It took them about 13 to 14 months to complete that plant.
Boeing has already broken ground on a new propulsion plant in S.C.
Boeing bought the 265 acre which is the south portion of the joint Charleston Air Force Base and Charleston International Airport.
The state of S.C. gave them tax insintives of close to $ 750 million.
In effect S.C. gave them close to a billion to relocate and that will go a long way in helping to build any new plant on that site.
19 posted on 11/17/2013 11:59:21 AM PST by American Constitutionalist
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To: DoodleDawg
It also costs Boeing billions when those union workers go on strike.
I am sure Boeing would rather have a more stable work force.
20 posted on 11/17/2013 12:00:28 PM PST by American Constitutionalist
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To: SkyDancer

“the way the union rejected Boeing’s offer .... well ....”

The union building in Seattle has several life-sized bronze statues of...union strikers with signs. I worked at a union company in the ‘80’s. If we were short on schedule we’d send work outside to non-union shops as the union attitude was so bad. They’d suck up all the charge number for a 2 hour project and charge another 5 hours. Nothing came in on time or on budget. When a machinist retired they’d sell his machine and move the wall. Presumably they’ve gotten rid of them all by now.


21 posted on 11/17/2013 12:04:25 PM PST by Gen.Blather
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To: MinorityRepublican

I’m doing the math. Is a 777 worth 500 million a copy?


22 posted on 11/17/2013 12:09:14 PM PST by dancusa (Molon Labe)
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To: Gen.Blather

In the beginning like turn of the century 1800/1900 unions were valuable in workers rights and dignity in their jobs. It’s sad that in the interim they’ve become gangsterish in their operations. Companies today know the value of their employees. They will make sure the employees enjoy a good working environment because the happier they are the better for the company. The unions are still in the dark ages.


23 posted on 11/17/2013 12:15:26 PM PST by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: Regulator

All of my business travel is stateside (unfortunately); my choices usually run from bad to worse (Delta, United, US Air and American, in that order). However, I do take Southwest whenever I can and JetBlue along the east coast. Those two are about the only ones (domestically) with an extensive route network and some semblance of customer service. The U.S. mega-carriers now rival the old Aeroflot in terms of “service” and customer dissatisfaction.


24 posted on 11/17/2013 12:16:21 PM PST by ExNewsExSpook
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To: MinorityRepublican

I wonder if Boeing could sell or lease a few 747-8I in the interm to pick up the slack until the 777-X are ready ?


25 posted on 11/17/2013 12:19:46 PM PST by American Constitutionalist
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To: dancusa

It is, if the 777X can deliver fuel savings along the lines of a 787. Providing 20-30% greater fuel efficiency on long-haul routes translates into millions of dollars per aircraft over a 30-year service life.

Boeing stands to make billions over its decision to go with the 777 and 787 while Airbus’s development of the A380 will be viewed as a colossal mistake. The market for four-engine wide-body jets is dissipating rapidly. Orders for the Boeing 747-8 have been disappointing, and carriers that have purchased/leased significant numbers of 380s are hedging their bets.

I read an article in an aviation publication the other day that predicted virtually no one will be operating 747s or A380s at the end of this decade. Why fly a four-engine jet with a few more seats (that may or may not be filled), and reduce your profit margins because the aircraft is less fuel efficient? On the other hand, you can easily fill every seat on a 777/787/A350 and your fuel costs are significantly lower.

In fact, the four-engine wide-body business is declining so rapidly that the next Air Force One will likely be a 777 or 787 by default. Many industry analysts believe the 747 production line will be shut down by the time the Air Force orders the next presidential jet.


26 posted on 11/17/2013 12:27:56 PM PST by ExNewsExSpook
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To: MinorityRepublican
I've flown Emirates once,including a 14 hour flight on the A380.An excellent airline all around.Great to hear of this order and great to hear that they won't be made in Washington *or* California.
27 posted on 11/17/2013 12:51:42 PM PST by Gay State Conservative (Osama Obama Care: A Religion That Will Have You On Your Knees!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Dubai Toothpaste is, by contrast, a lousy investment.

Thanks MinorityRepublican.


28 posted on 11/17/2013 1:29:01 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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To: SkyDancer

Well, I’m mostly with you there, but the truth is, unions in the US have ALWAYS been gangsterish, and typically begun and run by this or that single ethnic group in a given industry or plant.


29 posted on 11/17/2013 1:32:40 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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To: ExNewsExSpook

Well put. There will always be certain longer routes that will be running the biggest ‘liners (the existing ones will fly for many years yet), but for the time being, fuel efficiency will be a big draw.

OTOH, Frank Borman bet long on better fuel efficiency at Eastern back in the 1970s, and between the bursting of the OPEC price bubble and his tangle with the head of the machinists’ union, the whole works came crashing down.

More planes means more crews, fuel savings means demands for higher compensation, which mitigates back toward more seats.


30 posted on 11/17/2013 1:37:50 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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To: Regulator
Or you could fly American Airlines and have the Senior Set crab at you.

Heh. Ain't that the truth.

When I worked in the UK, I would book my flights on British Air -- loved it. But, occasionally, my boss would make the arrangements and book me on American [for his air miles, of course]. It was like flying on Gestapo Airways, "You vill stay in your seat! Und you will smile!"

31 posted on 11/17/2013 2:20:59 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment. [Ludwig Von Mises])
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To: ExNewsExSpook
In fact, the four-engine wide-body business is declining so rapidly that the next Air Force One will likely be a 777 or 787 by default.

Oh, I wouldn't put it past Fearless Leader to order a couple A-380's or maybe something Chinese -- just to make them like us. Heh.

32 posted on 11/17/2013 2:24:42 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment. [Ludwig Von Mises])
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To: BfloGuy

What does China build in that class?


33 posted on 11/17/2013 2:25:36 PM PST by nascarnation (Wish everyone you see a "Gay Kwanzaa")
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To: nascarnation
What does China build in that class?

Nothing. Just funning. I occasionally do that.

34 posted on 11/17/2013 2:28:27 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment. [Ludwig Von Mises])
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To: BfloGuy

Maybe by the time Baraq becomes UN President they will be mfg in his desired size class.


35 posted on 11/17/2013 2:31:31 PM PST by nascarnation (Wish everyone you see a "Gay Kwanzaa")
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To: nascarnation
Maybe by the time Baraq becomes UN President they will be mfg in his desired size class.

Heh. If the new Air Force Ones were to be ready while he was still in office, I suspect the A380 would be on the table as it would suit Michelle's tastes to a T.

36 posted on 11/17/2013 2:33:39 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment. [Ludwig Von Mises])
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To: Shark24

Businesses are bailing on CA as well as WA.
They are NOT business friendly states.
Are you paying attention!?


37 posted on 11/17/2013 2:37:26 PM PST by kennyboy509 ( Ha! I kill me!!!)
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To: Shark24

Long Beach may have a shot, but it is a long shot.


38 posted on 11/17/2013 2:50:22 PM PST by John Valentine (Deep in the Heart of Texas)
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To: MinorityRepublican

This news must be really upsetting to Yahoo (news). They haven’t passed up a chance to bash Boeing since Boeing decided to open the plant in South Carolina.


39 posted on 11/17/2013 4:25:28 PM PST by pfflier
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To: American Constitutionalist
I wonder if Boeing could sell or lease a few 747-8I in the interm to pick up the slack until the 777-X are ready ?

The largest 777X will have the same capacity as a 747-400. The 747-8 was meant as a smaller alternative to the A380. It's more popular as a freighter version, though. Passenger aircraft with more than two engines are on their way out. The new 777 will be a big winner, as is the current 777-300ER. The best thing Boeing ever did was it started listening to its customers some years ago. If only we could get our federal government to do the same.

40 posted on 11/17/2013 4:34:25 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: MinorityRepublican

bttt


41 posted on 11/17/2013 8:26:33 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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