Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Emirates Signs for 20 Boeing 747-8 Freighters

See following release issued for Emirates Airline:

Media Release
9 October 2006

Emirates Signs for 20 Boeing 747-8 Freighters

Emirates Airline has signed a contract for 10 Boeing 747-8 Freighters, and announced purchase rights for a further 10 747-8Fs. The combined value of these 20 aircraft is an estimated US$5.6 billion at list prices.

The contract formalises the airline's order for the initial 10, announced at the Farnborough Air Show earlier this year.

The contract was signed in Dubai by HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and Ken Schultz, Boeing Commercial Airplanes Sales Director. Also in attendance at the ceremony were Maurice Flanagan, Executive Vice Chairman- Emirates Airline & Group, Tim Clark, Emirates Airline President, Ram Menen, Emirates Divisional Senior Vice President, Cargo, Hiran Perera, Emirates Vice President Cargo - Freighters, Geoffrey Rapp, Marketing Director of Middle East and North Africa for Boeing and Sami Y. Lahoud, Communications Director for the Middle East and Africa for Boeing.

Sheikh Ahmed said, "Our order for the 747-8Fs will be essential in helping us service our rapidly growing network of 28 freighter destinations, which include exclusive freighter services in Bangalore, Lilongwe, Gothenburg, Amsterdam, and Taipei. Our cargo operations currently also serve Emirates' 85 destinations as belly-hold space in our scheduled passenger services."

These include four flights a day from New Zealand to Dubai and beyond, via Australia.

The 747-8Fs will effectively meet Emirates SkyCargo's increasing requirement for additional capacity and operational flexibility. The 747-8Fs further offer reduced noise, lower emissions and reduced trip costs, as well as generous payload capacity with 140 metric tones.

The acquisition will position the carrier to take advantage of a strong regional and international cargo market. Air cargo traffic into, out of and within the Middle East accounted for 5.8 percent of the world's tonnage and nearly five percent of the world's revenue tonne-kilometres during 2005.

The firm order of 10 aircraft is valued at approximately $2.8 billion at list prices and first delivery is scheduled for 2010. The carrier currently operates nine wide-bodied Boeing 747Fs and Airbus A310Fs, and also has on order eight Boeing 777Fs.

Dubai-based Emirates is one of the world's most successful and profitable international airlines. It currently operates a fleet of 98 wide-bodied aircraft to 85 destinations around the globe. Over the past decade, Emirates has been recording double-digit growth annually, and it currently receives an average of one new aircraft per month.

The current total value of Emirates orders of more than 100 wide-bodied jets pending delivery is approximately US$ 30 billion.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news