Business | Aviation

Emirates to announce Dh18.4b Boeing order at Farnborough airshow

Emirates order for 20 Boeing 777 wide-body jets could be a key feature of the opening day of the Farnborough air show

  • By Nadia Saleem, Staff Reporter
  • Published: 08:35 July 18, 2010

Emirates Boeing 777
  • Image Credit: Supplied picture
  • The total value of the agreement with Emirates, including spare engines, is approximately $4.8 billion (Dh17.6 billion).

Dubai: Emirates is expected to place massive orders at the Farnborough International Air Show (FIA) that kicks off Monday. Boeing is also likely to make major announcements.

Emirates has said that it is looking to place another large order, possibly for Boeing 777s. The order however, will not be a fresh source of revenue for the planemaker.

The last edition of the UK show broke records with $88.7 billion worth of orders announced

The Farnborough Air Show, which takes place biennially over a week in July, comes a month after the ILA Berlin Air Show.

The highlight of the German air show was an $11 billion surprise order for 32 Airbus 380s by Emirates.

A Boeing spokesperson told Gulf News that it has two major announcements lined up for Farnborough.

The list price of a 777 is between $205-285 million, depending on version, and an order of even 20 777s could hit $5.7 billion.

Meanwhile, Mubadala Development Company has a few deals that it will reveal over the next few days, starting today.

Humaid Al Shammari, Executive Director of Mubadala Aerospace and Chairman of Abu Dhabi Aircraft Technologies (ADAT) said: "Yes, we have a number of announcements lined up for the Farnborough Airshow and we look forward to it."

Mubadala Aerospace is developing an aircraft components manufacturing arm. "We are on track to start manufacturing aircraft components for Airbus at our facility in Al Ain. Mubadala will play a greater role in the region's aviation industry," he said.

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