Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.
Reportedly, Boeing and Emirates announced a purchase agreement for 30 787-9 Dreamliner airplanes at the Dubai Airshow, valued at $8.8 billion as per list prices. Previously Emirates had signed an agreement for the larger 787-10 variant but finally placed eyes on 787-9 to complement the airline’s larger 777 aircraft.
HH Sheikh Ahmed bin Saeed Al Maktoum, Emirates Chairman, and Chief Executive stated “I am pleased to announce firm order for 30 Boeing Dreamliners. This is an important investment and addition to our future fleet and it reflects Emirates’ continued efforts to provide the best quality air transport services to our customers. The 787s will complement our fleet mix by expanding our operational flexibility in terms of capacity, range, and deployment. We are also pleased to reaffirm our commitment to the Boeing 777X program and look forward to its entry into service.”
“We are excited to finalize this important order from one of the world’s leading airlines. Our agreement solidifies Emirates’ plan to operate the 787 Dreamliner and the 777X, which make up the most efficient and most capable widebody combination in the industry,” stated Boeing Commercial Airplanes President & CEO Stan Deal.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here!
Post View Count : 224