Flydubai Gives Big Order To The Boeing Company (NYSE:BA)

Posted by Chris Bell November 18, 2013 0 Comment 916 views

Announcing largest ever Boeing single-aisle order in Middle Eastern, flydubai has ordered for 111 The Boeing Company (NYSE:BA) aircrafts for worth $11.4 billion. Flydubai is purchasing about 100 737 MAX 8 airplanes and 11 next-gen 737-800s. The historic deal was signed on the opening day of the Dubai Air show.

This is the largest ever Boeing single-aisle airplane purchase by Middle East airline.

“We are extremely proud of the confidence that flydubai continues to place in our products operating an all-Boeing fleet,” said Boeing Commercial Airplanes President and CEO Ray Conner. “We look forward to continue strengthening our partnership and seeing the Next-Generation 737-800 and subsequently the 737 MAX play a central role in flydubai rapid expansion plans.”

The 737 MAX 8 is expected to be 8% per-seat more fuel efficient than the future competition, the company claimed. The development of 737 MAX is on schedule. First flight is scheduled in 2016, with deliveries to customers starting in 2017.

Till date, 737 MAX has accumulated more than 1,600 orders.

Flydubai fleet is currently only made up of Boeing airplane.

Boeing gets record orders for 777X airplane

Also, Boeing launched the 777X program with a record-breaking customer orders for the latest member of its twin-aisle product family. The company announced agreements for 259 airplanes from around four customers across Europe and the Middle East, which according to Boeing is strong enough to support development and production of the airplane.

Deutsche Lufthansa AG (ADR) (OTCMKTS:DLAKY) placed an order for 34 airplanes, Etihad Airways for 25; Qatar Airways for 50, and Emirates ordered 150 Boeing 777X airplanes. The combined value of the contracts is more than $95 billion.

“The 777-8X competes directly with the A350-1000, while the 777-9X is in a class by itself.”

The 777-9X, termed as the most flexible jet in the world, offers seating for more than 400 passengers, and with a range of more than 15,185 km, the airplane will have the lowest operating cost per seat of any commercial airplane. The airplane will be 12% more fuel efficient than any competing airplane.

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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