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Reading: Emirates SkyCargo orders 5 Boeing 777 Freighters in $1 billion deal
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Gulf Press > Business > Emirates SkyCargo orders 5 Boeing 777 Freighters in $1 billion deal
Business

Emirates SkyCargo orders 5 Boeing 777 Freighters in $1 billion deal

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Last updated: 2024/07/16 at 3:25 PM
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Emirates SkyCargo has made a significant investment in expanding its fleet by placing a $1 billion order for five more Boeing 777 Freighters, with delivery expected between 2025 and 2026. This move comes as part of the airline’s long-term strategic growth plan to cater to the rising demand for air cargo services. In addition to the five new freighters, Emirates is also converting 10 777-300ERs into cargo aircraft, further boosting its available main deck cargo capacity by 30 percent. This expansion will enable the airline to retire some of its older cargo fleet and enhance its global trade operations.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO of Emirates airline and Group, emphasized the importance of meeting customer demand and supporting Dubai’s Economic Agenda D33, which aims to double the city’s foreign trade and strengthen its position as a global trade hub. The airline’s decision to invest in new freighter airplanes reflects its commitment to providing world-class products and services to its customers. Sheikh Ahmed highlighted the role of airfreight in global trade and expressed confidence in Emirates SkyCargo’s ability to respond to market demands effectively.

Emirates’ cargo capabilities will receive a significant boost with the addition of the new Boeing 777 Freighters and the conversion of 10 777-300ERs into freighters. By the end of 2025, the airline’s freighter fleet is expected to expand to 17 aircraft, further enhancing its capacity to transport goods across its global network. The firm order for 205 777-X family aircraft and the impending delivery of the first 777-9 airplane by the end of 2025 underscore Emirates’ commitment to expanding and modernizing its fleet to meet future demand.

Stephanie Pope, president and chief executive of Boeing Commercial Airplanes, expressed gratitude for Emirates SkyCargo’s decision to once again select the Boeing 777F for its fleet expansion. Boeing, a leading provider of dedicated freighter capacity worldwide, has a long-standing partnership with Emirates and is committed to supporting the airline’s growth plans. The 777 Freighter, Boeing’s best-selling freighter plane with over 265 deliveries to date, offers superior performance and efficiency for air cargo operations, making it a popular choice among airlines globally.

The $1 billion order for five Boeing 777 Freighters will add to Emirates’ existing order book, bringing the total number of wide-body aircraft on order to 315. This significant investment reflects Emirates’ confidence in the future of air cargo and its commitment to continuously enhance its fleet to meet the evolving demands of the market. The expansion of Emirates SkyCargo’s fleet with new freighter aircraft demonstrates the airline’s readiness to capitalize on the growing opportunities in the air cargo industry and strengthen its position as a key player in global trade operations.

In conclusion, Emirates’ decision to invest in new Boeing 777 Freighters and expand its cargo capabilities underscores its proactive approach to meeting customer demand and supporting its long-term growth strategy. With the addition of new aircraft and the conversion of existing models into freighters, Emirates is well-positioned to enhance its air cargo services and contribute to the growth of Dubai’s economy as a global trade hub. The airline’s partnership with Boeing further strengthens its fleet modernization efforts and underscores its commitment to delivering innovative and efficient air cargo solutions to its customers worldwide.

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News Room July 16, 2024
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