Skip to content Skip to Search
Skip navigation

Boeing delays cost Emirates $3bn

Emirates Boeing delays 777X Boeing
Emirates is still waiting for 205 777X jets, which were due to be delivered four years ago
  • Refurbishments needed for 191 planes
  • Still no delivery date
  • ‘Material damage’ to Emirates

Delays in delivering new orders by the US aircraft maker Boeing have cost Emirates $3 billion, the airline’s president Tim Clark has revealed.

Emirates has an order for 205 777X jets, which were due to be delivered four years ago. The plane has been delayed by problems including hold-ups in certification.

As it waits for Boeing’s jets to arrive, the Dubai-based flag carrier has had to pay for a massive cabin refurbishment programme on 191 of its existing planes, 110 A380 aircraft and 81 Boeing 777s.

Emirates took the decision to refurbish part of its existing fleet “when it was clear to us that Boeing was having difficulties again,” Clark said at the World Air Transport Summit in Dubai.

So far 22 A380 aircraft have undergone retrofitting. The first Boeing 777 will have an interior refresh in July.

In February the Federal Aviation Administration said Boeing must make “profound improvements” and address quality issues after a panel blew out of a 737 Max 9 aircraft. The issue was believed to have been caused by missing bolts.

A previous crisis over two fatal crashes resulted in the jet maker’s Max being grounded in 2019 for 20 months.

In November 2023 Emirates announced a $52 billion order for 90 new Boeing 777X aircraft. The order was made up of 55 777-9 planes, due to be delivered in 2025, and 35 777-8s, with a delivery date of 2030.

Clark said the delays were “doing material damage” to the way the company does business.

He was reported as saying this week that Emirates was seeking compensation from Boeing for delays in the delivery of the aircraft.

“We’ve got a business to run and if we have to foot the bill for refurbishing all these planes, it should be put at Boeing’s door,” Clark told Reuters.

Emirates last month reported annual revenues of $33 billion and a net profit of $4.7 billion. 

Clark has also criticised France’s Airbus over its Rolls Royce engines, although the airline ordered 15 Trent XWB-84 powered A350-900 aircraft in December last year.

“We have a huge problem on both sides of the Atlantic,” he said.

Latest articles

Shoppers choose vegetables in Istanbul; inflation means people are spending on essentials

Turkish retailers’ confidence wavers as inflation bites

Confidence is falling among Turkish retailers, according to a survey from the country’s statistics agency Turkstat. Shoppers have been scaling back on big-ticket purchases, spending instead on basic consumer goods as inflation piles pressure on household incomes. May’s business confidence report, released by Turkstat on June 24, showed sentiment in the retail sector at its […]

Water is handed out to pilgrims in Mecca. Hundreds of pilgrims without a Hajj permit died during extreme heat last week

Egypt shuts down 16 travel companies after Hajj tragedy

Egypt has withdrawn the operating licences of 16 travel companies for organising unlicensed Hajj trips to Saudi Arabia. A statement from the Egyptian government said the companies would be prosecuted and fined, with the funds used to compensate pilgrims’ families for their loss.  Hundreds of Egyptians were among 1,301 people who died of exposure to […]

A floating production unit in Israel's Karish gas field in the eastern Mediterranean. Carlyle is creating a new oil and gas company to manage the field

New Carlyle entity to manage East Med gas projects

Carlyle, the Nasdaq-listed private equity company, is creating a new oil and gas company to manage recently-acquired assets in the Mediterranean hydrocarbons market. The new as yet un-named entity will be led by former BP CEO Tony Hayward and will manage a portfolio of gas-weighted exploration and production assets in Italy, Egypt and Croatia, according […]

Spinneys plans to open another 12 stores in Saudi Arabia by 2028

Spinneys opens first Saudi supermarket in Riyadh

Spinneys has opened its first supermarket in Saudi Arabia and is planning a further 12 stores in the country by 2028. The UAE supermarket operator listed on the Dubai Financial Market last month and raised AED1.38 billion ($375.7 million) from its initial public offering, which was oversubscribed almost 64 times. The first Spinneys in Saudi […]