The Dubai Air Show opened yesterday with Emirates Airline announcing its intention to purchase 40 Boeing 787 Dreamliners, in a deal expected to be worth $15bn or c.£11bn (at list price). The deal puts further pressure on Boeing’s rival, Airbus, which was expecting to announce a significant order for their A380 aircraft, also with the UAE-based airline.
Prior to this announcement, Boeing had approximately 65% market share of new aircraft orders in 2017 and has continued to perform well compared to its rivals. The US aerospace and defence group recently raised its annual profit forecasts for the second time this year after outperforming expectations in Q3.
Elsewhere in the group, Boeing Defense, Space and Security CEO, Leanne Caret, has stated that the company is seeking new acquisition targets, underpinning the trend of high profile M&A activity across the sector.
Dubai's Emirates airline unveiled a provisional $15.1 billion order for 40 of Boeing's 787-10 jetliners. Deliveries will start in 2022 and it will take Emirates' total wide-body commitment with Boeing to 204 units, a statement said.