Dubai's Emirates Air Orders 150 Boeing 777X Planes Worth $76 Billion

The Wall Street Journal ^ | Nov 17, 2013 | RORY JONES

[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.

[SkyDancer]

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

[Oshkalaboomboom]

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.

[James C. Bennett]

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.

[MinorityRepublican]

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.

[SkyDancer]

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.

[DoodleDawg]

And to be built in South Carolina.

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

[ProtectOurFreedom]

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

[DoodleDawg]

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.

[JoeProBono]

[Don Corleone]

Good to see some of our oil money being repatriated

[Regulator]

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.

[SandRat]

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

[Sequoyah101]

Just WOW.

[bert]

Dubai is beyond what we buy

[Eric in the Ozarks]

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

[SkyDancer]

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 ....

[Shark24]

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.

[American Constitutionalist]

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.

[American Constitutionalist]

It also costs Boeing billions when those union workers go on strike.
I am sure Boeing would rather have a more stable work force.