The Hindu : Business : Emirates signs pact with Boeing

Online edition of India's National Newspaper
Friday, Jul 21, 2006

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Emirates signs pact with Boeing

Staff Reporter

Thiruvananthapuram: Emirates has signed a Heads of Agreement for 10 of Boeing's new 747-8F aircraft, to be powered by General Electric's GEnx jet engines, in a deal worth US $3.3 billion.

The agreement was signed on July 18 at Farnborough Airshow in the U.K. by Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and Alan Mulally, President and Chief Executive Officer of Boeing Commercial Airplanes. The engine component of this deal is valued at more than US $600 million.

A Letter of Intent was signed for 45 GEnx jet engines to power the new aircraft, a release from the airline headquarters said. The 10 747-8F aircraft, scheduled for delivery from 2010, will support Emirates' long-term growth plans by providing additional capacity and operational flexibility for its air cargo services. Emirates currently operates nine wide-bodied Boeing 747Fs and Airbus A310Fs, and also has eight 777Fs on its order books. With the implementation of this Heads of Agreement for 747-8Fs, Emirates will have more than 100 wide-bodied jets pending delivery, worth approximately US $ 30 billion.

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