Boeing Secures 30 Jet Order from Dubai (BA)
Boeing (NYSE: BA) said Monday that it had obtained an order for 30 of its wide-body 777 jets from Emirates Airline of Dubai.
The deal, according to Christopher Drew of The New York Times, is a "sign that commercial aviation, and Boeing’s fortunes, are starting to recover from the global recession."
“Today’s order underscores the airline’s confidence in the airplane which forms the backbone of its fleet,“ Jim Albaugh, chief executive of Boeing Commercial Airplanes, said in a statement. “For that we are very grateful.”
Sheik Ahmed bin Saeed al-Maktoum, chairman and chief executive of Emirates, added: “Since we took delivery of our first 777 14 years ago, the airplane’s reliability, performance and operating economics have firmly established it as the backbone of our fleet.”
The Boeing Company (Boeing) is involved in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. Shares are up 1% today, to $62.55.
