Boeing launches 777X with deals worth $95B

|About: The Boeing Company (BA)|By:, SA News Editor

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)