Emirates SkyCargo to Expand Fleet, Capacity with Five More Boeing 777 Freighters

Rhea-AI Summary

Boeing [NYSE: BA] and Emirates SkyCargo have announced an order for five more 777 Freighters, bringing Emirates' total order book to 249 Boeing widebody airplanes, including 14 777 Freighters. This expansion will nearly double Emirates SkyCargo's current fleet of 11 freighters to 21 in the coming years.

The 777 Freighter can fly 9,200 kilometers and carry 102 tonnes of freight, making it the most capable twin-engine cargo jet. This order reflects Dubai's growing prominence as a global logistics hub and the increasing demand for Emirates' air cargo services.

Boeing's Commercial Market Outlook forecasts an additional 2,845 freighters will enter service over the next 20 years to support growing global trade and e-commerce demand. The 777 Freighter is Boeing's best-selling freighter, with 275 delivered to date.

Positive

• Emirates SkyCargo ordered 5 more Boeing 777 Freighters, increasing their total order to 14
• Emirates' total order book with Boeing now stands at 249 widebody airplanes
• Emirates SkyCargo plans to nearly double its freighter fleet from 11 to 21 aircraft
• The 777 Freighter offers superior range (9,200 km) and payload capacity (102 tonnes)
• Boeing's Commercial Market Outlook forecasts demand for 2,845 additional freighters over the next 20 years

Negative

• None.

News Market Reaction

+3.11%

1 alert

+3.11% News Effect

On the day this news was published, BA gained 3.11%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DUBAI, Oct. 21, 2024 /PRNewswire/ -- Boeing [NYSE: BA] and Emirates SkyCargo today announced an order for five more of the world's largest and longest-range twin-engine freighter, building on its earlier purchase of five 777 Freighters. The latest order, which was finalized in September and listed as unidentified on Boeing's Orders and Deliveries website, brings Emirates' order book to 249 Boeing widebody airplanes, including 14 777 Freighters.

As the cargo division of the world's largest international airline, Emirates SkyCargo plans to operate 21 777 Freighters in the coming years ─ nearly doubling its current fleet of 11 freighters as the carrier continues to expand capacity.

"We're investing in new freighter aircraft to meet surging demand and provide our customers around the world with even more flexibility, connectivity and options to leverage market opportunity," said HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group. "Demand for Emirates' air cargo services has been booming. This reflects Dubai's growing prominence as a preferred and trusted global logistics hub, and also the success of Emirates SkyCargo's bespoke solutions that address the needs of shippers in different industry sectors."

The 777 Freighter can fly farther (9,200 kilometers / 4,970 nautical miles) and carry more freight (102 tonnes) than any other twin-engine cargo jet today. This capability enables operators to fly more freight on more nonstop routes with better operating economics, connecting high-value cargo markets such as the Middle East with the U.S. and Europe.

"Emirates continues to set the direction for our industry and we deeply appreciate the trust they have placed in the Boeing widebody family to serve as the backbone of their global fleet," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We are proud to support Emirates SkyCargo's growth as it relies on the performance and versatility of our 777 Freighter to further connect the world."

Boeing's Commercial Market Outlook forecasts an additional 2,845 freighters will enter service over the next 20 years to support growing global trade and e-commerce demand. The 777 Freighter is Boeing's best-selling freighter of all time, with 275 delivered to date. As the market leader in freighter airplanes, Boeing provides more than 90% of the worldwide dedicated freighter capacity, including new production and converted airplanes.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Boeing's relationship with the Middle East extends back to 1945. Since then, Boeing has established a number of offices across the region including in Riyadh, Dubai, Abu Dhabi, Doha and Kuwait. Join our team and find your purpose at boeing.com/careers.

Contact

Boeing Media Relations
media@boeing.com 

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SOURCE Boeing

FAQ

How many Boeing 777 Freighters did Emirates SkyCargo order in this announcement?

Emirates SkyCargo ordered 5 more Boeing 777 Freighters in this announcement.

What is the total number of Boeing widebody airplanes in Emirates' order book after this order?

After this order, Emirates' total order book with Boeing stands at 249 widebody airplanes, including 14 777 Freighters.

What is the range and payload capacity of the Boeing 777 Freighter?

The Boeing 777 Freighter can fly 9,200 kilometers (4,970 nautical miles) and carry 102 tonnes of freight.

How many freighters does Boeing's Commercial Market Outlook forecast to enter service in the next 20 years?

Boeing's Commercial Market Outlook forecasts an additional 2,845 freighters will enter service over the next 20 years.