Emirates Orders $56 Billion of Boeing Planes After Cancelling Airbus Order

By: | July 9th, 2014

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Dubai’s Emirates Airline has officially finalized an order for $56 billion worth of Boeing 777 planes.

It is reported the order consists of 150 planes, 115 777-9Xs and 35 777-8Xs, this coming shortly after Emirates cancelled a $16-billion order to buy 70 of Airbus’ A350 aircraft.

Emirates president Tim Clark said, “With the order for 150 777Xs, Emirates now has 208 Boeing 777s pending delivery, creating and securing jobs across the supply chain.”

It is a legitimate possibility that the actual value of the deal could reach upwards of $75 billion if Emirates agrees to buy additional planes, which Boeing eventually expects to happen.

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