Boeing, Emirates complete $56B order

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

Boeing (BA) has finalized a $56B order for 150 777X planes from Dubai's Emirates airline. Included in the deal are purchase rights that Emirates could exercise for an additional 50 airplanes - which would bring the value of the order to $75B.

The new acquisition deals a harsh blow to Airbus (EADSF), after Emirates scrapped a $16B purchase for 70 Airbus A350's in June, and was looking to replace the order.