Boeing, Emirates finalize $56B jet order

Boeing Co. and Emirates Airline on Wednesday finalized an order for 150 777X airplanes, a deal worth $56 billion at list prices.

Chicago-based Boeing said the order comprises 115 777-9X and 35 777-8X airplanes and rights to buy another 50 airplanes. If the additional aircraft are ordered, the deal’s value would increase to about $75 billion.

“We are extremely proud to have Emirates, the world’s largest 777 operator, continue its long-standing partnership with Boeing,” said Boeing Commercial Airplanes president and CEO Ray Conner.

Boeing says the 777-9X will be 12 percent more fuel efficient than competing airplanes. Production of the 777X is expected to begin in 2017, with deliveries to begin in 2020.

The 777X will use a new engine from GE Aviation and an all-new composite wing that has a longer span than the existing 777.

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