Long-hauled carrier Emirates is buying 5 Boeing 777 freighters in a deal worth $1.7 billion, according to the companies. This would indeed be a great push towards expanding the company’s operations.
Emirates recently announced that they are making a USD 1 billion investment in cargo flights, including buying two new Boeing 777s and converting 10 Boeing 700-300ERs into freighter aircraft. The 2 new aircraft have already joined the fleet in 2022 while the conversions are awaited to begin in 2023.
Emirates already operates 11 Boeing 777 freighters. The airline said this order put its total orders at 200 wide-body aircraft.
Emirates is optimistic about the overall market for airfreight and by increasing their capacity here, is signalling towards the overall growth of the aviation sector, said Sheikh Ahmed bin Saeed Al Maktoum, Emirates chairman and CEO. “It lays the ground for our continued growth, which is driven by the reach of our diverse global network.”
Emirates, a state-owned airline based at Dubai International Airport, the world’s busiest for international travel, has a current fleet of 118 double-decker Airbus A380s and 134 Boeing 777s.