Boeing (NYSE: BA) announced on Monday that it received two major orders from Emirates Airlines and General Electric Co. (NYSE: GE), marking the first of many announcements from the Farnborough International Air Show this week.
Emirates, the largest customer of the 777 in the world, has ordered another 30 planes to add to its current fleet of 86. The 777 long-haul aircraft carries up to 365 passengers and can travel up to 7,930 nautical miles. The order is estimated to be worth about $9.1 billion. The order will help Emirates extend its reach worldwide and help cement Dubai as a major global air travel hub.
“Emirates has played an important role in the success of the 777 with its strong support and valuable feedback over the years,” said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. “Today’s order underscores the airline’s confidence in the airplane, which forms the backbone of its fleet.”
General Electric Co. (NYSE: GE)’s GE Capital Aviation Services, has also placed order for 40 Boeing 737-800 planes with a total list price value of about $3 billion. G.E. has a fleet of 1,800 owned and manages aircraft through approximately 245 airlines in more than 75 countires.
