Military
Boeing Adds $17 Billion in New Orders at Dubai Air Show; Airbus, $0
Published:
Last Updated:
The first day of the Dubai Air Show was kind to Boeing Co. (NYSE: BA) but not to rival Airbus. Boeing announced a commitment from Emirates for 40 of the company’s 787-10 Dreamliners. Including the airplanes and related equipment the deal is worth $15.1 billion at list prices.
What Emirates did not announce was an order for more A380 superjumbo jets from Airbus. That does not necessarily mean that the airline won’t, but such an order would be a huge deal and there does not seem to be any reason why Emirates or Airbus would want to delay an announcement.
Three years ago Emirates cancelled an order for 70 Airbus A350s and Sunday’s commitment to Boeing pretty much extinguishes the last Airbus hope of winning back a place in the Emirates fleet for the plane. The Emirates announcement of its deal with Boeing apparently surprised Airbus officials waiting in the wings for new order for A350s.
Boeing also announced an order from Azerbaijan Airlines for five 787-8s and a commitment for two freighters in a deal valued at $1.9 billion at list prices. The airline currently includes two 787-8s in its fleet along with Boeing 757s and 767s.
On Friday, Airbus and Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum celebrated the delivery of the 100th A380 to the airline and both Airbus CEO Tom Enders and Saeed expressed hope that a deal would be announced at Dubai. A report from Bloomberg cited unnamed sources who said Emirates is set to order 36 A380s at the show.
The commitment from Emirates is not a firm order and will not be added to Boeing’s order book until a firm order is signed. Last week Boeing announced a net 49 new orders, including 18 that had been listed for unidentified customers. For the year, Boeing had booked 605 net new orders as of November 7.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.