The world's second largest commercial-jet manufacturer Boeing Co. is all set to bag an order from Emirates Airline at the forthcoming Farnborough Air Show, said Bloomberg citing two people privy to the much-awaited deal. Bloomberg quoting one of the aforesaid source reports that the Dubai government-owned carrier and the Chicago-based jet maker would disclose the deal for almost 20 777s wide-body jets next day.
Bloomberg added that source had spoken on an on condition of anonymity, as the deal had not been officially declared yet. The Bloomberg report adds that the deal is expected to be worth around USD 5 billion at list prices.
Emirates, Arab-based airline which operates mainly in Middle East and Asian nations, announced last month that it would issue new aircraft orders at the forthcoming show. It also entered into a deal for 32 Airbus SAS A380 superjumbo jets. The deal was valued at a whopping USD 11 billion. The induction of new aircraft is considered as Emirates' plans to expand its operations and elevate its reputation as the world's biggest international airline.
Emirates and other Middle East based carriers like Qatar Airways Ltd have evolved as major buyers of commercial aircrafts. The carriers are hoping to cash in on their geographical advantage to set up a global network. According to a data, Emirates can easily reach out 95 per cent of the world's population from Dubai on an A380.
Emirates’ order of additional A380 superjumbo is expected to increase its fleet to 90. The Boeing 777 generally has capacity of 300 to 400 passengers. It is expected to become the second-largest commercial jet behind the 747 jumbo. Boeing is expected to launch its smaller 787 Dreamliner at the Farnborough Air show.
