Boeing announces 342 orders and commitments valued at USD101.5bn at Dubai Air Show

Boeing stated (20-Nov-2013) its participation at the 2013 Dubai Airshow was marked by the launch of the 777X and the announcement of historic orders and new strategic agreements signed with key partners in the Middle East and around the world. Boeing chairman, president and chief executive officer Jim McNerney launched the 777X with 259 orders and commitments from Emirates (150), Qatar Airways (50), Etihad Airways (25) and a previously announced order from Lufthansa (34). The combined value of the agreements is more than USD95 billion at list prices, placing the 777X as the largest product launch in commercial jetliner history by value. Other key announcements from the show was that Boeing will establish with Tawazun Precision Industries a production aerospace surface treatment facility in the UAE. The project is scheduled to be commissioned in 2016 in Tawazun Industrial Park in Abu Dhabi. Boeing also announced a new strategic agreement to increase the development of Mubadala as a Tier 1 supplier to Boeing. Through this agreement, Mubadala has the opportunity to supply as much as USD2.5 billion in advanced composites and machined metals to Boeing commercial programmes, including the 787 and 777X. Both companies will work together to develop pre-preg and carbon fibre manufacturing capabilities in Abu Dhabi. Meanwhile, Boeing and Rostec further enhanced their partnership with an agreement to expand their joint venture by establishing a second Ural Boeing Manufacturing production facility in Russia's Titanium Valley. In addition to the record-breaking orders from Middle East customers Etihad Airways, Emirates Airline and Qatar Airways that are at the centre of the launch of the new 777X, Etihad ordered 30 787-10s, including the 1000th 787 order and becoming the world's largest customer for the 787 family with a total of 71. The 787 has reached the 1000th order milestone faster than any other twin-aisle airplane in aviation history. Boeing and flydubai announced another historic agreement for up to 100 737 MAX 8s and 11 Next-Generation 737-800s, the largest ever Boeing single-aisle airplane purchase in the Middle East. Already a market success, the 737 MAX has accumulated more than 1600 orders to date. Boeing orders and commitments (excluding options and purchase rights) announced at the Dubai Airshow reached 342 airplanes, valued at USD101.5 billion as follows:

• Etihad Airways: Ordered 30 787-19s, 17 777-9Xs, eight 777-8X's and one 777F valued at USD18.2 billion at list prices;
• Emirates: Commitment for 115 777-9X and 35 777-8X aircraft valued at USD55.6 billion at list prices;
• flydubai: Commitment for 75 737 MAX and 11 737 aircraft, valued at USD8.8 billion at list prices;
• Qatar Airways: Committment for 50 777-9X aircraft valued at USD18.9 billion at list prices. [more - original PR]