Emirates Expands its Cargo Fleet With Five Boeing 777 Freighters

Rhea-AI Summary

Boeing (NYSE:BA) and Emirates have announced an order for five 777 Freighters, worth over $1.7 billion. This expansion of Emirates' all-Boeing dedicated freighter fleet aims to meet growing air freight demand. Emirates SkyCargo will operate these new aircraft, joining an existing fleet of 11 777 Freighters. Emirates, the world's largest operator of the 777 family, reaffirms its commitment to fuel-efficient solutions and enhancing cargo capacity, following a previous $1 billion investment announced at the last Dubai Airshow.

Positive

• Emirates places a significant order for five 777 Freighters, valued at over $1.7 billion.
• This expansion indicates strong confidence in air freight demand and market growth.
• Emirates SkyCargo is set to enhance its fleet, reinforcing its position in the global air freight market.

Negative

• None.

DUBAI, United Arab Emirates, Nov. 8, 2022 /PRNewswire/ -- Boeing [NYSE:BA] and Emirates today announced the Middle East carrier is further expanding its all-Boeing dedicated freighter fleet with an order for five 777 Freighters, valued at more than $1.7 billion at list prices.

HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, said: "Emirates is investing in new freighters so that we can continue to serve customer demand with the latest fuel-efficient aircraft. This order reflects Emirates' confidence in air freight demand and overall aviation sector growth. It lays the ground for our continued growth, which is driven by the reach of our diverse global network, the advanced handling infrastructure at our Dubai hub, and the tailored transport solutions that Emirates has developed to serve our varied customers' needs."

The airplanes will be operated by Emirates SkyCargo, adding to its fleet of 11 777 Freighters. At last November's Dubai Airshow, Emirates announced a $1 billion investment to expand its air cargo capacity, including two new 777 Freighters that joined Emirates' fleet this year.

Emirates was a launch customer for the 777 Freighter and is currently the world's largest operator of the 777 family, with nearly 150 of the airplane type in its fleet. Boeing's best-selling freighter, the 777F is the world's largest, longest-range and most capable twin-engine freighter flying today, with 17% lower fuel use and CO₂ emissions compared to prior airplanes.

"We value the trust that Emirates has repeatedly placed in its all-Boeing freighter fleet," said Stan Deal, president and chief executive officer Boeing Commercial Airplanes. "The expansion of Emirates' fleet with these additional fuel-efficient 777 Freighters will enable the airline to support its growing cargo market demand, transporting goods rapidly and efficiently from origin to destination in the Middle East and around the world."

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.

Contact
Boeing Media Relations
media@boeing.com

Nadine Fanous
Boeing Commercial Airplanes
nadine.fanous@boeing.com  
+971 4-213-4700 (Dubai)

Jim Proulx
Boeing Media Relations
jim.proulx@boeing.com 
+1 (206) 850-2102 (Seattle)

More information: www.boeing.com/freighters   

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SOURCE Boeing

FAQ

What is Boeing's recent deal with Emirates regarding 777 Freighters?

Boeing has announced that Emirates ordered five 777 Freighters, valued at over $1.7 billion, to expand its dedicated freighter fleet.

How many 777 Freighters does Emirates currently operate?

Emirates currently operates 11 777 Freighters, and the new order will add five more to its fleet.

What was the value of Emirates' previous investment in air cargo capacity?

Emirates previously announced a $1 billion investment to expand its air cargo capacity at last year's Dubai Airshow.

What are the benefits of the 777 Freighter for Emirates?

The 777 Freighter is known for its fuel efficiency, with 17% lower fuel use and CO2 emissions than older models, supporting Emirates' growth in air freight.

When was the announcement made about Boeing's deal with Emirates?

The announcement was made on November 8, 2022.