$9.7 billion for Boeing

Boeing and Dubai-based carrier Emirates have concluded contract negotiations for a firm order for 42 Boeing 777 airplanes with purchase rights for 20 additional airplanes.

The deal was announced by Emirates Chairman H.H. Sheikh Ahmed bin Saeed Al-Maktoum at the Dubai Air Show and is valued at $9.7 billion at list prices.

Emirates’ order is for 24 Boeing 777-300ERs, 10 777-200LR Worldliners and 8 777 Freighters, with the first airplanes scheduled for delivery in 2007.

When current orders are delivered by late 2007, Emirates fleet will include 51 Boeing 777s, making it one of the world’s largest 777 fleets. This new order for 42 Boeing 777s will see the airline becoming the largest Boeing 777 operator in the world.

Emirates will use the GE90 jet engine-powered 777 Family to extend routes to key European and Asian cities, and fly to emerging markets.