Aviation

Emirates places order for 40 Boeing 787 Dreamliners at 2017 Dubai Airshow

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Latest announcement for 40 Boeing 787-10 Dreamliners, worth US$ 15.1 billion, takes Emirates’ total wide-body commitment with Boeing to 204 units
Emirates’ Chairman and Chief Executive says order underscores airline’s fleet strategy and optimism for future of aviation in the region and globally

Dubai, UAE, 12 November 2017 – Emirates, the world’s largest international airline, today announced a US$ 15.1 billion (AED 55.4 billion) commitment for 40 Boeing 787-10 Dreamliners.

In the presence of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Ruler of Dubai, HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group signed the agreement with Boeing Commercial Airplanes President and CEO Kevin McAllister on the opening day of the 2017 Dubai Airshow.

Sheikh Ahmed said: “Emirates’ orders today will be delivered from 2022, taking the airline well into the 2030s. Some of these will be replacements so that we maintain a young and efficient fleet, and others will power our future network growth. We see the 787 as a great complement to our 777 and A380 fleet, providing us with more flexibility to serve a range of destinations as we develop our global route network.”

“It has always been Emirates’ strategy to invest in the most advanced and efficient aircraft, and today’s orders reflect that. Today’s announcement is also speaks to our confidence in the future of aviation in the UAE and the region.”

Mr McAllister said: “We are excited that Emirates has selected the Boeing 787-10 Dreamliner to power its fleet expansion and future growth. This is an airplane that will set a new benchmark for operating economics in the commercial aviation industry when it enters service next year. Emirates’ endorsement of the 787 Dreamliner extends our long-standing partnership and will sustain many jobs in the United States.”

Emirates is evaluating engine options for its Dreamliner order.

Emirates’ agreement includes conversion rights to switch the aircraft to 787-9s, offering the airline additional flexibility for its future fleet and global network. Emirates’ Dreamliners will be delivered in a mix of two and three-cabin class configurations, potentially seating between 240 and 330 passengers. These aircraft will be delivered in phases from 2022 onwards.

Emirates is a powerful engine for American aerospace manufacturing jobs. Applying the US Department of Commerce jobs multiplier (every $1 billion in US aerospace exports supports 5,200 American jobs), this new order will create and support over 78,000 additional jobs in US aerospace manufacturing – not only with Boeing, but also with the thousands of other suppliers in the value chain across the US, many of which are medium and small-sized businesses.

Today’s order comes on top of Emirates’ historic purchase of 150 Boeing 777X aircraft equipped with GE9X engines at the 2013 Dubai Air Show, to be delivered from 2020 onwards.

Emirates’ partnership with Boeing spans decades. Emirates is by far the largest Boeing 777 operator on the planet with 165 777s in service today. With today’s announcement, Emirates will have committed to future delivery of 204 Boeing wide-body aircraft.

Aviation

Boeing to Slash 17,000 Jobs Worldwide Amid Ongoing Factory Strike

Boeing to Slash 17,000 Jobs Amid Ongoing Factory Strike

Boeing, one of the world’s largest aerospace manufacturers, is facing a severe crisis. The company announced on Friday that it will lay off 17,000 employees—roughly 10% of its workforce.

This decision comes amid a prolonged strike, production delays, and ongoing safety concerns with its aircraft. Kelly Ortberg, Boeing’s CEO since August, delivered the news, stating, “Our business is in a difficult position, and it is hard to overstate the challenges we face together.

Beyond navigating our current environment, restoring our company requires tough decisions, and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term.”

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Boeing has been struggling financially, with the last reported profit in 2018. The company’s largest union, with 33,000 members, has been on strike for nearly a month after rejecting a labor deal. The ongoing walkout is reportedly costing Boeing around a billion dollars each month as negotiations remain at a standstill.

Compounding these issues, Boeing’s much-anticipated boeing 777x wide-body plane is now six years behind schedule, with deliveries postponed until 2026. This follows the discovery of structural damage during flight tests. Boeing also announced it will stop manufacturing its commercial 767 freighters after fulfilling its remaining orders by 2027.

Financially, the company expects to report a significant third-quarter loss—nearly $10 per share—and a total cash outflow of $1.3 billion. boeing new aircraft commercial airplane unit faces a $3 billion pretax charge, while its defense business will absorb an additional $2 billion hit.

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The strike has severely impacted production at key boeing facilities, particularly in Seattle, where half of the company’s nearly 150,000 employees work. Since 2019, Boeing has lost approximately $25 billion.

Ortberg was brought in over the summer to help the company regain public trust following safety concerns, especially surrounding the 737 Max line, which was involved in two deadly crashes. Earlier this year, a separate incident involving a panel popping off a 737 Max mid-flight reignited concerns. A Federal Aviation Administration investigation following the event found that Boeing had failed 33 out of 89 product audits.