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Monday, November 14, 2011

Emirates Orders 50 More Boeing 777s

(DUBAI, United Arab Emirates) — Dubai's fast-growing airline Emirates kicked off the Middle East's biggest airshow Sunday with a huge order for 50 Boeing 777s, marking the U.S. aircraft maker's biggest-ever single order in dollar terms.

Emirates and Boeing Co. valued the unexpectedly large deal for an extended range version of the 777-300 at $18 billion — the total by list price — though the carrier is unlikely to pay that much. Airlines typically negotiate big discounts, especially when buying in bulk.


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