Update: Boeing's Widebody Aircrafts Are On A Roll

Jul.10.14 | About: The Boeing (BA)

Summary

Emirates has just finalized a $56 billion deal with Boeing for 150 777X widebody jets.

Today Boeing has delivered its first 787-9 Dreamliner to Air New Zealand.

The events confirm that Boeing’s widebody projects are picking up steam, as we expected.

In a deal, Emirates has finalized to buy 150 777X widebody jets from Boeing (NYSE:BA) for $56 billion. Dubai-based Emirates is the world's largest operator of Boeing's 777 aircrafts. Boeing's 777X is the next-generation widebody jet that is expected to go into production in 2017, with first delivery expected in 2020.

Boeing just delivered its first 787-9 Dreamliner, a stretched version of the revolutionary Dreamliner aircraft, to Air New Zealand. The aircraft, the first of 10 787-9 Dreamliners to join Air New Zealand's fleet, is scheduled to arrive in Auckland late afternoon on Friday, which will operate in the Auckland-Perth route from October 15. Later this year, it will also start flying to Shanghai and Tokyo.

In our original article we said that in order to satisfy the carriers, Boeing has started developing revolutionary long-range aircrafts using carbon-fiber composite material instead of aluminum. Although we expressed our concerns that the company lost huge amount of money in its widebody projects, we were optimistic about the company's long-term prospects.

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