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The president of Emirates Airlines announced a massive order for 50 long-range Boeing 777 passenger aircraft at the Dubai air show. At current list prices, the order is valued at approximately $18 billion making it the single largest dollar-value order for Boeing commercial jets. Boeing’s president of commercial airplanes said the contract would help sustain thousands of US jobs
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After three years of delays, Boeing is finally delivering its first 787 Dreamliner to Japan’s All Nippon Airways. The Dreamliner is constructed out of lightweight composite materials making it more fuel-efficient and allowing for higher pressure in the cabin during flight. Boeing believes the Dreamliner will be revolutionary and plans to make 10 planes a month starting in 2013.
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Shares of two of the world’s largest aircraft producers rose on Wednesday following a record-breaking order by American Airlines. AMR’s chief executive announced a 460-plane purchase, valued at approximately 40 billion dollars. It’ll be split between Boeing and Airbus. Boeing will deliver 200 of its 737 models while Airbus will handle the rest of the 260 units with its more economical A-320 neo-jetliners.
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