Emirates to order 100 new Boeing 777s worth $36 billion

Windsor Genova – Fourth Estate Cooperative Contributor

Dubai, United Arab Emirates (4E) – Emirates is planning to buy 100 Boeing 777s if the U.S. plane maker can build a bigger capacity model of the fuel efficient aircraft.

Emirates Airlines president Tim Clark said the order amounts to more than $36 billion based on the plane’s current price tag and the new planes will replace the airline’s fleet of 777-300ERs, which he said should start retiring in 2017.

Emirates flys to South America, the US, Asia and Australia destinations using the 777-300ERs.

Clark also had said sales of the 777-300ER started 17 years ago, so it is time for an upgrade.

The Dubai-based airline has a fleet of 151 777-300ERs plus 777-200s, 777-300s and 777-200LRs. It still has an order for 50 777-300ERs made in November 2011 as the model runs on less fuel while carrying more passengers. Clark had said this order can be converted to an order for the newer model.

But Boeing is reportedly not yet building the upgraded version tentatively called 777X despite Emirates’ push. The manufacturer originally planned to introduce the new model by the end of the decade yet.

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