Boeing won orders Sunday worth a total $13.7 billion for 112 aircraft from Emirates and China, extending its new-business gains this year...
Boeing won orders Sunday worth a total $13.7 billion for 112 aircraft from Emirates and China, extending its new-business gains this year over European rival Airbus.
Emirates, the Persian Gulf’s biggest and fastest-growing carrier, bought 42 of Boeing’s long-range 777 models worth $9.7 billion, the airline’s chairman, Sheikh Ahmed bin Saeed Al-Maktoum, said at the Dubai Air Show.
Boeing also signed an agreement with China for 70 of the Renton-made 737s worth $4 billion during President Bush’s visit to that country.
Boeing and Airbus have recorded a doubling in airline contracts this year as travel increases and high oil costs spur demand for more fuel-efficient planes.
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As of Nov. 18, Boeing had 659 orders to 494 for Airbus.
Airbus announced orders Sunday from Kuwait worth $2.9 billion at the Dubai show.
“Boeing is doing incredibly well this year,” said Richard Aboulafia, vice president of the Teal Group, an industry-consulting company.
“For the first time in a decade, they’re investing the future, spending money on new-product development,” he said. “That has a galvanizing effect and reassures customers they’re committed [to] the market so it helps sell all their planes.”
With its agreement, Emirates will become the largest Boeing 777 operator in the world. The airline is also scheduled to be the biggest customer of Airbus’ A380, a 555-seat plane that will begin service in 2006. Emirates has ordered 43 of the A380s.
Emirates wants the 777 model airplanes to “strengthen our long-range plans, including to the U.S.,” al Maktoum said.
The carrier also took options to buy an additional 20 of the planes.
Emirates’ order includes 24 777-300ERs, 10 777-200LR planes and eight 777 freighters.
The planes generally sell for around $200 million each and as much as $250 million each, depending on the model. Airlines usually pay less than list price.
“This is traffic-growth planning for the future,” said Doug McVitie, managing director of Arran Aerospace, a Dinan, France-based forecaster. “The long range of these planes will let them offer direct flights to the West Coast in the U.S.”
Boeing spokesman George Liu said in a telephone interview that the company is still in talks with Chinese customers for 80 more 737 aircraft, without giving further details or identifying the airlines.
After a day of talks with Chinese President Hu Jintao, Bush told reporters Sunday in Beijing, “I was pleased to see that the Chinese government ordered Boeing aircraft.”
Airbus gained orders Sunday from Kuwait’s Aviation Lease and Finance Co., and from Al-Jazeera Airways.
Aviation Lease bought 12 of the twin-engine, long-range A350-800 jets to meet customers needs for better economy, said Ahmed Al-Zabin, the company’s chief executive.
Airbus said the Al-Jazeera order was for six A320s.