Emirates confirms 150-plane 777X order

Boeing has finalized an agreement to build 150 777X aircraft worth $56 billion at list prices for Dubai’s Emirates Airline. Airlines typically negotiate discounts, and the actual value of the order has not been disclosed.

The 777X is a larger and more fuel-efficient model of the Boeing Co.’s popular 777 wide-body, which is built in Everett, and Emirates is the world’s largest operator of those planes.

The companies first announced a commitment to do the deal at the Dubai Airshow in November. Included in the order are 115 777-9Xs and 35 777-8Xs. The list price for the 400-passenger 777-9X is $377.2 million, while the list price for the 777-8X — which can carry up to 350 passengers — is $349.8 million.

Emirates Airline also has purchase rights for an additional 50 aircraft. If exercised, it could raise the value of the deal to about $75 billion — again, at list prices.

Production of the 777X is expected to start in 2017, with first delivery targeted for 2020.

Last month Boeing, based in Chicago, signed a deal for five Japanese companies to make key components for twin aisle 777X jets but the contract doesn’t include the wings, which were a source of delays for the 787 Dreamliner. The Japanese manufacturers will make about 21 percent of the new plane’s structural components, including fuselage sections and landing gear wells.

More in Herald Business Journal

Snohomish inventor makes changing beds magical

He hopes to make his big push in the hotel industry, where injuries to housekeepers are increasing.

Boeing planes designed for Alaska to make final flights

The special Boeing 737-400s carry cargo in the middle of the plane and 72 passengers in the rear.

Boeing creates a Renton office to oversee its new airplane

Experts expect the company to make a formal 797 launch decision no later than next year.

Equifax dumps its CEO after the damaging data breach

Many applauded Equifax’s handling of the problem, but management was under fire for lax security.

Job fair planned for Tulalip community members

Tulalip Tribes Employment is holding an employment clinic from 9 to 11:30… Continue reading

New memory care community opens in Mukilteo

Health care insurance is the next topic on KSER’s monthly personal finance… Continue reading

Marysville Tulalip chamber plans to host candidates forum

The next Greater Marysville Tulalip Chamber of Commerce Business Before Hours event… Continue reading

New memory care community opens in Mukilteo

Mukilteo Memory Care celebrated its grand opening earlier this month. The state-of-the-art… Continue reading

Monroe’s Canyon Creek Cabinet names new exec VP

Mark Kovich has joined Monroe-headquartered Canyon Creek Cabinet Company as the executive… Continue reading

Most Read