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Saturday, 16 January 2021

Haggling done, Emirates agrees another jet megadeal

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Haggling done, Emirates agrees another jet megadeal
Haggling done, Emirates agrees another jet megadeal

Days after a big order for Airbus jets, Emirates has agreed another huge deal with Boeing, and says it will soon be ready to start expanding again as a result.

Julian Satterthwaite reports.

The Dubai Airshow is home turf for Emirates airlines.

It likes to make its presence felt - and 2019 has been no exception.

On Monday (November 18) it ordered 50 Airbus A350 widebodies in a deal valued at up to 16 billion dollars.

After several days of haggling, Wednesday (November 20) saw it strike a deal with Boeing too: (SOUNDBITE) (English) EMIRATES CHIEF EXECUTIVE OFFICER, AHMED BIN SAEED AL MAKTOUM, SAYING: "Emirates will sign a firm order for 30 Boeing 787-9 Dreamliners and this is worth 8.8 billion U.S. dollars in the list price." Hard talking preceded the agreement.

Emirates wanted to trim a huge earlier order for 150 of Boeing's bigger 777X.

It's been frustrated by delays in developing that jet, and used the new deal as leverage to renegotiate.

It will now take just 126 of the type.

Though analysts said this week's orders will be seen a show of faith in the U.S. planemaker, which has been rocked by the grounding of its 737 MAX jets after two fatal crashes.

The orders also complete a fleet review by Emirates - the world's biggest buyer of long-haul jets.

After a period of stability, the airline says it will start expanding again in the early 2020s.


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