Etihad Airways, an Abu Dhabi airline looking forward to purchase dozens of The Boeing Company (NYSE:BA) aircrafts which cost $50 billion. The fleets that are expected to be purchase by the airline include the overhauled 777X mini-jumbo and a repeat demand for its 787 Dreamliner, revealed by people familiar with the deal.
If the deal is finalized it would worth $18 billion at its tag prices and the deal comes as Abu Dhabi airline plan to celebrate on 12 November its 10th anniversary of its maiden flight, the increase in its fleet is an indication that Middle East is emerging a rapidly increasing international travel hub.
If confirmed, Etihad’s order could acquire in advance a broadly probable blockbuster agreement for 100 or more than 100 777X jets in contrast to its major competitors Emirates EMIRA.UL. The airline has also declared that it may declare big demands when the airline hosts the Dubai Air-show in November.
The two sides are currently discussing the deals and could alter in timing and size, the sources reveal. While the US aircraft maker’s major competitor European aircraft manufacture Airbus (EAD.PA) is also contending for the business. Airbus has deflated the US manufacture’s usual power of the market for large duel-engine aircraft with its latest A350-1000 and achieves a remarkable breakthrough in Japan in current month.
According to the source, Etihad is eager to purchase 25 to 30 of the overhauled 777X. And after gaining a vote of confidence for the US firm Dreamliner, which has encounter a line of technical glitches that the airline is looking forward to add approximately 30 of the lightweight jet.
Etihad, has declined to comment on the ongoing negotiations, while the aircraft manufacture has declared that orders were “high” for its overhauled 406-seat 777X but refuse to made any statement on current negotiations.
Virginia-based Teal Group, analyst Richard Aboulafia, has said the major news would be a non-unveiling of the 777X in Dubai, or an unveiling with fewer numbers, while indicating to possibility of a official launch of the 777X at the Dubai show. Boeing Company (NYSE:BA) share decrease -0.77% to $121.58 in last trading session.