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Emirates adds another 30 B777s to the pile. Middle East/Africa shares mixed

Analysis

Unlisted Emirates announced an order with Boeing for 30 B777-300ERs. 18 of these were previously attributed to an unidentified customer. Emirates is already the world's largest B777 operator with a fleet of 86 B777s through direct purchase and lease, plus an additional 16 B777-300ERs previously on order.

Summary
  • Emirates has placed an order for 30 Boeing B777-300ERs, bringing their total B777 fleet to 86 aircraft.
  • The airline has also ordered an additional 32 Airbus A380s, increasing their total A380 order to 90 aircraft.
  • Emirates' total aircraft in service and on order as of June 2010 include 207 Airbus aircraft and 119 Boeing aircraft.
  • Middle Eastern airline shares were mixed, with Kuwait National Airways down, Jazeera and Royal Jordanian steady, and Air Arabia's shares on the rise.
  • 1time announced the commencement of a new Johannesburg-Maputo service starting on August 12, 2010.
  • Lonrho and Kenya Airways' shares were down, while Comair's shares remained stable.

At last month's Berlin Airshow the astonishing airline made a firm order for 32 more A380s. This took to 90 the number of A380s to Emirates' account.

Emirates' aircraft in service and on order: as at Jun-2010

Aircraft manufacturer Aircraft type In service Order Grand total
Airbus A330 29 29
A340 18 18
A350 70 70
A380 10 80 90
Airbus Total 57 150 207
Boeing 747 8 5 13
777 86 20 106
Boeing Total 94 25 119
Grand Total 151 175 326

The purchase of another 62 widebodies will indelibly stamp the UAE carrier as a page-turner in the history of aviation. See related article: Emirates declares war on the world's flag carriers with order for 32 more A380s

Shares mixed

Middle Eastern shares were mixed yesterday (19-Jul-2010), with Kuwait National Airways (-1%) down, Jazeera and Royal Jordanian steady while Air Arabia's (+0.4%) shares were on the rise.

1time (+1.9%) announced it will commence five times weekly Johannesburg-Maputo service on 12-Aug-2010. Other African shares were on a downward slide with Lonrho (-4.6%) and Kenya Airways (-0.5%) down, while Comair remained stable.

See related CAPA profile: Route Changes

Selected African and Middle Eastern airlines share price movements (% change): 19-Jul-2010

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