Nov. 13, 2011, 4:49 a.m. EST
Boeing books largest dollar-value order: $18B
Emirates orders 50 model 777 jets; options could bring value to $26B
By Robert Daniel, MarketWatch
TEL AVIV (MarketWatch) – Boeing Co., the Chicago aerospace firm, booked what it called the largest dollar-value order in its history, an $18 billion purchase of model 777-300 extended-range aircraft by Emirates Airline of Dubai, United Arab Emirates.
In a Sunday statement, the plane producer and the airline said the order includes 50 jets valued at $18 billion, the largest single dollar order Boeing /quotes/zigman/220026/quotes/nls/ba BA -0.11% has received. Emirates also took options, valued at another $8 billion, on 20 more jets.
The order also makes 2011 the largest sale year for the model 777, with the 2011 order book for the jet now at 182 planes. The previous record year, Boeing said, was 2005, in which it booked orders for 154 of the model 777s.
The purchase is in line with Emirates Air’s strategy to grow its international network, particularly non-stop long-haul routes, Chairman and Chief Executive Sheikh Ahmed bin Saeed al Maktoum said in a statement.
Boeing’s 777 carries as many as 365 passengers as far as 7,930 miles (14,685 km).
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 