Emirates 777x Order
2022年1月6日Register here: http://gg.gg/xgo3v
Emirates downsized its order in November 2019, during another rendition of the Dubai Airshow. Replacing the order for 30 Boeing 777Xs were 30 787-9s, the mid-market version of the Dreamliner – a much smaller aircraft than the Triple Seven X. The order looks like a dark stain in the history of the Boeing 777X and Emirates airline. Jun 16, 2019 Emirates is also looking at possibly substituting part of their 777X order for 787s instead. Emirates had signed a letter of intent for 40 Boeing 787-10s but never executed that, so it sounds like they may now be looking to swap around part of their order, and maybe pick up some 787s at the expense of some 777 orders. Feb 02, 2021 Middle Eastern carriers hold the majority of the 777X orders, meaning any combined or individual loss could deal a major blow to the program. Emirates, who holds an order for 115 777X aircraft, has previously signalled intentions to convert some of their order to smaller aircraft such as the 787 Dreamliner. Dec 29, 2020 Emirates also has A350-900s on order Only time will tell if the timeline of these deliveries sticks. The 787-9 order was part of a reduction of Emirates’ 777X order — the airline initially ordered 150 777Xs, but adjusted that to 126 777Xs and 30 787-9s. Why Emirates’ 777X delays are bad news. However, in 2019, Emirates slightly reduced the original order by replacing 30 of the 777Xs with the same amount of 30 Boeing 787-9 Dreamliners, worth $8.8 billion at list prices. The development timeline of the Boeing 777X has since also gone off-trail.
Emirates is set to announce a revision of its Boeing 777X order as it prefers to have more 787-9s over 777-9s. In an interview with Arabian Business on August 21, Chief Operating Officer Adel Al Redha confirmed that the composition of the revised order has been finalized but that details will be announced later.
This is the fourth fleet review by Emirates since late 2017.
Emirates originally ordered 150 777X ats the 2013 Dubai Air Show: 115 777-9s and 35 -8s. Another six were added as orders for the 777-300ERs were converted to -9s, bringing total commitments to 156.
At the 2019 Dubai Air Show, the airline converted 30 777X into 30 787-9s. It also confirmed that eleven 777X orders were still up for confirmation, meaning the actual order book showed 115 of them.
At the time, Emirates was unwilling to disclose the number of -9s and -8s it intended to have. Sir Tim Clark said in September 2019 he still had an appetite for the smaller version but had to read in the press that Boeing had postponed development until further notice. The status of this type is still unknown.
The first 777-9 was originally due in 2020, but this had already slipped by a year after issues with the General Electric GE9X had delayed the flight test and certification program. Only last July, Boeing confirmed the first -9s were now set for delivery in 2022.
Emirates’ 2019 fleet review came on the back of two previous ones. The first was in 2017 and resulted in an order for forty Boeing 787-10s, announced at that year’s Dubai Air Show. However, the order was never confirmed with Boeing as a second review resulted in a preference for more smaller widebodies. As part of this review, Emirates reduced its orders for Airbus A380s by 29 to 123 in February 2019 and placed an MoU for forty A330-900s instead.
Come November’s home-town airshow, and the plan was revised again with the A330neo’s deleted from the wish list and a firm order placed for fifty A350-900s, just as thirty 787-9s were preferred over the forty -10s.
The order that never was: the Emirates Airbus A330-900 remains just an artist impression. (Airbus)
Revision number four
Now we are at the fourth fleet revision where a whole new factor has entered the stage: Covid-19. As the world’s biggest long-haul carrier, Emirates is dependent on a traffic segment that has been hit the hardest by the pandemic and which is expected to remain weak for the next three to four years.
Its 114-stong fleet of A380s (the first has been retired) has been kept on the ground from March 24 until July 15, when services resumed to London Heathrow and Paris. From August 1, Amsterdam also saw the A380 again but only for two weeks until August 16, when the 777 returned as the double-decker was too big to justify demand on the route.
Cairo (daily), Toronto (6x per week), and Guangzhou (1x week on Saturdays) are the only destinations served by the A380, with Heathrow having a second rotation since August 1.
Sir Tim Clark and Al Redha have expressed their optimism that the A380 fleet will return to service in 2022, although expect some end of leases before that. Three brand new aircraft are to be delivered this year. Reports that Emirates wishes to cancel the last five remain unconfirmed. These aircraft are already in various stages of final assembly.
Pandemic confirms over-dependence on big widebodies
More than ever before, the pandemic has highlighted Emirates’ dependence on big jets since it has retired its 777-200s and A330s a few years ago. With even a 777-300ER too big for low demand, the airline is in urgent need of more fleet flexibility. The first 787-9s are due in May 2023, but Al Redha acknowledged he would like to have them sooner rather than later as their size and economies are exactly what Emirates needs right now.
Al Redha told Arabian Business that the delivery schedule is still subject of discussions with Boeing, which rather would prefer to have the first 777-9 delivered to Emirates ahead of the first 787-9. This seems like a strange motivation, as Boeing must be eager to sell and deliver as many as widebodies sooner rather than later. It’s a fair guess that Boeing must be considering what to do with the Dreamliner production if a new order from Emirates comes along. CEO David Calhoun announced a revised production rate on July 29 from seven to six per month from 2021 while at the same time starting to review consolidation of Dreamliner production at either Everett or North Charleston.
At lower rates, the 787 production line will be fully booked, although the cancelation by Norwegian of five Dreamliners opens up opportunities to Emirates.
It’s not known if Emirates is also looking to bring forward deliveries of its A350s, of which the first is due in May 2023. Airbus will reduce production from six to five per month from 2021 and been in talks with all customers about deferrals and revised delivery schemes, which include Qatar Airways, Cathay, ALC, and Air France amongst others.
The 777X order book is not only at risk from Emirates. Officially it still stands at 309, but that still includes twenty for Etihad whereas the airline has said earlier it will reduce this to six. ANA, Qatar, Cathay, Singapore Airlines, and likely British Airways have been seeking delivery deferrals but Lufthansa remains committed to receiving the first aircraft in 2022.
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Emirates is reconsidering its commitment to Boeing’s newest jet, the 777X. The Dubai-based carrier is considering swapping as much as one-third of its order of the 777X for the smaller Boeing 787 Dreamliner, according to a person familiar with the matter.
As first reported by Bloomberg, Emirates is looking to swap between 30 and 45 of its 115 777X orders for Dreamliners. The move would be a troubling one for Boeing and its 777X programme, as Emirates is the largest customer of the yet-to-be-launched aircraft.
Free real paypal money. Emirates’ move isn’t the first of its kind. Boeing indicated on Monday that it’s at risk of losing nearly 40% of its 777X orders because of delays. With the 777X now slated to debut in 2023 — more than two years later than previously expected — customers are permitted to walk away from their contracts.
Related:All about the new Boeing 777XEmirates Cancel 777x
This week, Boeing lowered the backlog of the 777X to just 191 aircraft, according to a regulatory filing. That number, much lower than the 309 firm orders that are listed on the planemaker’s site. Boeing said in an email that the drop is the result of an accounting standard that requires sales at risk of not happening to be removed from the backlog.
In its fourth-quarter earnings call, Boeing detailed that it had taken a $6.5 billion charge for delays to the 777X. The delay could bring additional losses to Boeing when it considers cancellations, production cuts and flight-testing risks.
Emirates, which was one of the first 777X customers, declined to comment on the report that it’s looking to drop some of its 777X order in favour of the 787 Dreamliner.777x Delivery Schedule
As the coronavirus pandemic continues to set back the aviation industry, airlines have largely set aside their long-haul routes. As such, the demand for wide-body, twin-aisle planes has decreased — including for the future of the 777X, which is set to be the heir to the superjumbo Boeing 747. Orders for wide-body aircraft with both Boeing and Airbus are expected to be the last to recover from the pandemic-spurred drop in demand. Boeing has already said that it’s cut the output of its Dreamliners.
“The decline in backlog in the fourth quarter reflected aircraft order cancellations and removal of aircraft orders from our backlog due to the ASC 606 accounting standard, including our most recent assessment of 777X backlog due to the revised schedule,” Boeing Chief Financial Officer Greg Smith said on a call with analysts last month.
Boeing saw a similar slump in orders for the 737 MAX aircraft following its nearly two-year worldwide grounding. More than 1,100 orders for the plane were removed from Boeing’s backlog of the 737 Max.
Related:Boeing’s bad quarter: Company delays 777X, 737 MAX timeline as COVID hits business
In its fourth-quarter earnings report, Boeing posted a record net loss of nearly $12 billion. The two-pronged dagger to Boeing consisted of the ongoing effects of the beleaguered 737 MAX, as well as the COVID-19-spurred downturn in demand. Best one year cd rates.Emirates Boeing 777
“I’m sure glad 2020 is in the rearview mirror,” Boeing CEO Dave Calhoun told CNBC.Emirates 777x Order Class
Featured photo by Zach Wichter/The Points Guy
Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.Emirates 777x Delivery
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Register here: http://gg.gg/xgo3v
https://diarynote.indered.space
Emirates downsized its order in November 2019, during another rendition of the Dubai Airshow. Replacing the order for 30 Boeing 777Xs were 30 787-9s, the mid-market version of the Dreamliner – a much smaller aircraft than the Triple Seven X. The order looks like a dark stain in the history of the Boeing 777X and Emirates airline. Jun 16, 2019 Emirates is also looking at possibly substituting part of their 777X order for 787s instead. Emirates had signed a letter of intent for 40 Boeing 787-10s but never executed that, so it sounds like they may now be looking to swap around part of their order, and maybe pick up some 787s at the expense of some 777 orders. Feb 02, 2021 Middle Eastern carriers hold the majority of the 777X orders, meaning any combined or individual loss could deal a major blow to the program. Emirates, who holds an order for 115 777X aircraft, has previously signalled intentions to convert some of their order to smaller aircraft such as the 787 Dreamliner. Dec 29, 2020 Emirates also has A350-900s on order Only time will tell if the timeline of these deliveries sticks. The 787-9 order was part of a reduction of Emirates’ 777X order — the airline initially ordered 150 777Xs, but adjusted that to 126 777Xs and 30 787-9s. Why Emirates’ 777X delays are bad news. However, in 2019, Emirates slightly reduced the original order by replacing 30 of the 777Xs with the same amount of 30 Boeing 787-9 Dreamliners, worth $8.8 billion at list prices. The development timeline of the Boeing 777X has since also gone off-trail.
Emirates is set to announce a revision of its Boeing 777X order as it prefers to have more 787-9s over 777-9s. In an interview with Arabian Business on August 21, Chief Operating Officer Adel Al Redha confirmed that the composition of the revised order has been finalized but that details will be announced later.
This is the fourth fleet review by Emirates since late 2017.
Emirates originally ordered 150 777X ats the 2013 Dubai Air Show: 115 777-9s and 35 -8s. Another six were added as orders for the 777-300ERs were converted to -9s, bringing total commitments to 156.
At the 2019 Dubai Air Show, the airline converted 30 777X into 30 787-9s. It also confirmed that eleven 777X orders were still up for confirmation, meaning the actual order book showed 115 of them.
At the time, Emirates was unwilling to disclose the number of -9s and -8s it intended to have. Sir Tim Clark said in September 2019 he still had an appetite for the smaller version but had to read in the press that Boeing had postponed development until further notice. The status of this type is still unknown.
The first 777-9 was originally due in 2020, but this had already slipped by a year after issues with the General Electric GE9X had delayed the flight test and certification program. Only last July, Boeing confirmed the first -9s were now set for delivery in 2022.
Emirates’ 2019 fleet review came on the back of two previous ones. The first was in 2017 and resulted in an order for forty Boeing 787-10s, announced at that year’s Dubai Air Show. However, the order was never confirmed with Boeing as a second review resulted in a preference for more smaller widebodies. As part of this review, Emirates reduced its orders for Airbus A380s by 29 to 123 in February 2019 and placed an MoU for forty A330-900s instead.
Come November’s home-town airshow, and the plan was revised again with the A330neo’s deleted from the wish list and a firm order placed for fifty A350-900s, just as thirty 787-9s were preferred over the forty -10s.
The order that never was: the Emirates Airbus A330-900 remains just an artist impression. (Airbus)
Revision number four
Now we are at the fourth fleet revision where a whole new factor has entered the stage: Covid-19. As the world’s biggest long-haul carrier, Emirates is dependent on a traffic segment that has been hit the hardest by the pandemic and which is expected to remain weak for the next three to four years.
Its 114-stong fleet of A380s (the first has been retired) has been kept on the ground from March 24 until July 15, when services resumed to London Heathrow and Paris. From August 1, Amsterdam also saw the A380 again but only for two weeks until August 16, when the 777 returned as the double-decker was too big to justify demand on the route.
Cairo (daily), Toronto (6x per week), and Guangzhou (1x week on Saturdays) are the only destinations served by the A380, with Heathrow having a second rotation since August 1.
Sir Tim Clark and Al Redha have expressed their optimism that the A380 fleet will return to service in 2022, although expect some end of leases before that. Three brand new aircraft are to be delivered this year. Reports that Emirates wishes to cancel the last five remain unconfirmed. These aircraft are already in various stages of final assembly.
Pandemic confirms over-dependence on big widebodies
More than ever before, the pandemic has highlighted Emirates’ dependence on big jets since it has retired its 777-200s and A330s a few years ago. With even a 777-300ER too big for low demand, the airline is in urgent need of more fleet flexibility. The first 787-9s are due in May 2023, but Al Redha acknowledged he would like to have them sooner rather than later as their size and economies are exactly what Emirates needs right now.
Al Redha told Arabian Business that the delivery schedule is still subject of discussions with Boeing, which rather would prefer to have the first 777-9 delivered to Emirates ahead of the first 787-9. This seems like a strange motivation, as Boeing must be eager to sell and deliver as many as widebodies sooner rather than later. It’s a fair guess that Boeing must be considering what to do with the Dreamliner production if a new order from Emirates comes along. CEO David Calhoun announced a revised production rate on July 29 from seven to six per month from 2021 while at the same time starting to review consolidation of Dreamliner production at either Everett or North Charleston.
At lower rates, the 787 production line will be fully booked, although the cancelation by Norwegian of five Dreamliners opens up opportunities to Emirates.
It’s not known if Emirates is also looking to bring forward deliveries of its A350s, of which the first is due in May 2023. Airbus will reduce production from six to five per month from 2021 and been in talks with all customers about deferrals and revised delivery schemes, which include Qatar Airways, Cathay, ALC, and Air France amongst others.
The 777X order book is not only at risk from Emirates. Officially it still stands at 309, but that still includes twenty for Etihad whereas the airline has said earlier it will reduce this to six. ANA, Qatar, Cathay, Singapore Airlines, and likely British Airways have been seeking delivery deferrals but Lufthansa remains committed to receiving the first aircraft in 2022.
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Emirates is reconsidering its commitment to Boeing’s newest jet, the 777X. The Dubai-based carrier is considering swapping as much as one-third of its order of the 777X for the smaller Boeing 787 Dreamliner, according to a person familiar with the matter.
As first reported by Bloomberg, Emirates is looking to swap between 30 and 45 of its 115 777X orders for Dreamliners. The move would be a troubling one for Boeing and its 777X programme, as Emirates is the largest customer of the yet-to-be-launched aircraft.
Free real paypal money. Emirates’ move isn’t the first of its kind. Boeing indicated on Monday that it’s at risk of losing nearly 40% of its 777X orders because of delays. With the 777X now slated to debut in 2023 — more than two years later than previously expected — customers are permitted to walk away from their contracts.
Related:All about the new Boeing 777XEmirates Cancel 777x
This week, Boeing lowered the backlog of the 777X to just 191 aircraft, according to a regulatory filing. That number, much lower than the 309 firm orders that are listed on the planemaker’s site. Boeing said in an email that the drop is the result of an accounting standard that requires sales at risk of not happening to be removed from the backlog.
In its fourth-quarter earnings call, Boeing detailed that it had taken a $6.5 billion charge for delays to the 777X. The delay could bring additional losses to Boeing when it considers cancellations, production cuts and flight-testing risks.
Emirates, which was one of the first 777X customers, declined to comment on the report that it’s looking to drop some of its 777X order in favour of the 787 Dreamliner.777x Delivery Schedule
As the coronavirus pandemic continues to set back the aviation industry, airlines have largely set aside their long-haul routes. As such, the demand for wide-body, twin-aisle planes has decreased — including for the future of the 777X, which is set to be the heir to the superjumbo Boeing 747. Orders for wide-body aircraft with both Boeing and Airbus are expected to be the last to recover from the pandemic-spurred drop in demand. Boeing has already said that it’s cut the output of its Dreamliners.
“The decline in backlog in the fourth quarter reflected aircraft order cancellations and removal of aircraft orders from our backlog due to the ASC 606 accounting standard, including our most recent assessment of 777X backlog due to the revised schedule,” Boeing Chief Financial Officer Greg Smith said on a call with analysts last month.
Boeing saw a similar slump in orders for the 737 MAX aircraft following its nearly two-year worldwide grounding. More than 1,100 orders for the plane were removed from Boeing’s backlog of the 737 Max.
Related:Boeing’s bad quarter: Company delays 777X, 737 MAX timeline as COVID hits business
In its fourth-quarter earnings report, Boeing posted a record net loss of nearly $12 billion. The two-pronged dagger to Boeing consisted of the ongoing effects of the beleaguered 737 MAX, as well as the COVID-19-spurred downturn in demand. Best one year cd rates.Emirates Boeing 777
“I’m sure glad 2020 is in the rearview mirror,” Boeing CEO Dave Calhoun told CNBC.Emirates 777x Order Class
Featured photo by Zach Wichter/The Points Guy
Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.Emirates 777x Delivery
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Register here: http://gg.gg/xgo3v
https://diarynote.indered.space
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