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Emirates confirms order of five new Boeing jets worth $1.7bn

The airline is investing in new freighters to continue to serve customer demand

Dubai-based Emirates has announced a firm order for five new Boeing 777-200LR freighter aircraft worth over $1.7 billion at list prices.

Two units will be delivered in 2024, while the remaining three units in 2025, the airline said in a statement.

The agreement takes the airline’s total order book to 200 wide-body aircraft.

Sheikh Ahmed Bin Saeed Al Maktoum, chairman and chief executive of Emirates airline and group, said that the airline is investing in new freighters to continue to serve customer demand with the latest fuel-efficient aircraft. 

This order reflects Emirates’ confidence in airfreight demand and overall aviation sector growth, he added.

Stan Deal, president and chief executive officer, Boeing Commercial Airplanes, said that expanding Emirates’ fleet with additional fuel-efficient 777 freighters will enable the airline to support its growing cargo market demand.

Emirates announced a $1 billion investment in November last year to expand its air cargo capacity, including two new 777Fs, which have already joined its fleet in 2022, and plans to convert 10 Boeing 777-300ERs into freighter aircraft. 

The aircraft conversion work is scheduled to begin in 2023.

The airline currently operates a fleet of 11 Boeing 777 freighters, in addition to bellyhold cargo capacity on its fleet of wide-body 777 and A380 passenger aircraft.