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Boeing launches 777X with deals worth $95B

  • In what is the largest product launch by dollar value in commercial jetliner history, Boeing (BA) has officially unveiled the next-generation 777X at the Dubai Air Show.
  • Boeing has received bookings and commitments worth $95B at list prices for 259 jets from four customers in Europe and the Middle East.
  • Emirates has ordered 150 airplanes with an option for 50 more, Lufthansa wants 34 aircraft, Qatar Airways 50, and, as noted already, Etihad Airways 25.
  • The deals also represent a windfall for GE (GE), which is supplying the engines for the plane.
  • The 777X family includes two models: the 777-9X and the 777-8X.
  • The 9X will seat over 400 passengers and have a range of more than 8,200 nautical miles (15,185 km). The aircraft will have the "lowest operating cost per seat of any commercial airplane," Boeing says.
  • The 8X will seat 350 passengers and offer a range exceeding 9,300 nautical miles (17,220 km). (PR)
  • Meanwhile, Boeing has obtained an order for up to 111 737 jets from flydubai in a deal worth $11.4B at list prices. (PR)
Comments (16)
  • Tom Shaughnessy
    , contributor
    Comments (1103) | Send Message
     
    Wow, now maybe airlines can actually improve their margins.
    17 Nov 2013, 03:51 AM Reply Like
  • chopchop0
    , contributor
    Comments (3108) | Send Message
     
    Def avoid the airlines. BA has been a solid long-term investment though and looks to tack on more gains today thanks to this news probably.
    18 Nov 2013, 08:36 AM Reply Like
  • combie
    , contributor
    Comments (85) | Send Message
     
    Should be interesting, the 777X is going down the same business model as the 787 without fixing the original supply chain issues. The 787 will not be profitable for years, if the 777 fall in the same trap (and the insiders say it is) in a couple years the stock will be worth about half! Watch your long investments in Boeing.
    17 Nov 2013, 08:28 AM Reply Like
  • berloe
    , contributor
    Comments (1572) | Send Message
     
    Combie,
    Interesting comment re: 787 launch which recalls several MSFT launch mishaps.
    Still, they always end up making money.
    17 Nov 2013, 10:05 AM Reply Like
  • JMajoris
    , contributor
    Comments (619) | Send Message
     
    777 is already proven, having been flying for 18 years now. The X adds a newer wing based on the 787 and new GE engines, a far cry from designing the 787 from scratch.

     

    BA messed up on the 787 build but they have learned their lesson.

     

    <<if the 777 fall in the same trap (and the insiders say it is) in a couple years the stock will be worth about half! Watch your long investments in Boeing.>>
    17 Nov 2013, 08:58 AM Reply Like
  • 2puttwo
    , contributor
    Comments (390) | Send Message
     
    Do you really think Boeing messed up on the 787. That plane is light years ahead of the 777. The plane has no limit on cycles. They should still be working till the next century. No other plane will have the same size windows, pressurization comfort, and make it pass 2050.
    17 Nov 2013, 11:47 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4007) | Send Message
     
    At that price, I'll have two please.
    17 Nov 2013, 09:22 AM Reply Like
  • SoldHigh
    , contributor
    Comments (995) | Send Message
     
    Given the unreasonable demands of the unions, how many of them will be built outside of WA?
    17 Nov 2013, 11:02 AM Reply Like
  • trinitybennetts
    , contributor
    Comments (7) | Send Message
     
    Tell me please what unreasonable demands will the unions ask for?
    17 Nov 2013, 12:02 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4007) | Send Message
     
    A living wage?
    17 Nov 2013, 05:37 PM Reply Like
  • jsijimmy
    , contributor
    Comments (286) | Send Message
     
    Answer = 0 ..they will all be built in WA.
    17 Nov 2013, 10:39 PM Reply Like
  • TAS
    , contributor
    Comments (1977) | Send Message
     
    There is no valid long term reason why Boeing needs to stay in Seattle.They will move to an area where the costs for quality aircraft manufacturing is lowest and the political climate agreeable. Unions are a relic of the past. And, it will be great for share holders.

     

    Short Seattle. Long Boeing.
    17 Nov 2013, 10:45 PM Reply Like
  • Buddy Canuspare
    , contributor
    Comments (398) | Send Message
     
    TAS,
    Given your opinion, how does Airbus continue to bedevil Boeing from even more highly unionized France?
    17 Nov 2013, 11:22 PM Reply Like
  • 2puttwo
    , contributor
    Comments (390) | Send Message
     
    Pretty soon, all of them!
    17 Nov 2013, 11:49 AM Reply Like
  • FARMERJOE
    , contributor
    Comments (6) | Send Message
     
    Maybe a move to a right to work State will fix that?
    17 Nov 2013, 01:42 PM Reply Like
  • philip9435
    , contributor
    Comment (1) | Send Message
     
    who thinks BA is a good investment at this time short term or long term
    17 Nov 2013, 10:29 PM Reply Like
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