Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Boeing, Flydubai confirm $8.8 billion order  Join our daily free Newsletter

MENAFN - Khaleej Times - 08/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) In addition, the Dubai-based airline retains purchase rights for 25 more 737 MAXs. The order was first announced as a commitment at the 2013 Dubai Airshow, making it Boeing's largest single-aisle airplane order in the Middle East



It was inevitable that flydubai would build on its success with the current 737-800 by selecting the 737MAX family as its preferred new airplane of choice that will deliver lower fuel burn, better reliability and new economics to allow the airline to continue its record-breaking growth trajectory, according to a senior aviation analyst



"In selecting an additional 11 more 737-800s, flydubai will be able to continue its expansion as it awaits the arrival of its first 737 MAX 8 in late 2017 - this will complement the existing 50 737-800s that the airline ordered back in 2008 whose deliveries complete at the end of 2015," Saj Ahmad, chief analyst at London-based StrategicAero Research, told Khaleej Times



"If Emirates is the world's fastest growing full service airline, there is simply no escaping the fact that flydubai is on an equal footing in terms of how fast it is growing - and customers have been intrinsic to that growth," Ahmad added



Flydubai's chief executive officer Ghaith Al Ghaith said: "2013 has been a tremendous year for flydubai. We have launched 16 new routes, delivered profitability in just three years of operation and launched our Business Class service. The confirmed order for 75 737 MAXs and 11 Next-Generation 737-800s signifies the maturing of the airline and the strength of our business model as well as support flydubai's ambitious growth.



The 737 MAX incorporates the latest technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see a 14 per cent fuel-use improvement over today's most fuel-efficient single-aisle airplanes



"The order is a tremendous endorsement of the ongoing popularity and reliability of the Next-Generation 737-800 and the unsurpassed fuel efficiency that the 737 MAX will offer in the single aisle market," said Marty Bentrott, vice president of sales, Middle East, Russia and Central Asia, Boeing Commercial Airplanes. "We are very proud to be partners in flydubai's success and that the airline will continue its expansion with an all-Boeing fleet.



Development of the 737 MAX is on schedule with firm configuration of the airplane achieved in July 2013



The first flight is scheduled in 2016 with deliveries to customers beginning in 2017. Already a market success, the 737 MAX has accumulated more than 1,700 orders to date and will have eight per cent per-seat lower operating costs than the future competition



Flydubai placed its first order for 50 Next-Generation 737-800s at the 2008 Farnborough Air Show and took delivery of its first airplane in 2009. The airline was the first in the world to debut the Boeing Sky Interior, an enhanced onboard experience. To date, flydubai has grown its fleet to 34 Next-Generation 737-800s


 


Khaleej Times




  MENA News Headlines
 Oct 20 2014 - Saudi- Al-Khodari Q3 net profit risesArab News
(MENAFN - Arab News) JEDDAH: Saudi Arabia construction firm Abdullah Abdul Mohsin Al-Khodari and Sons reported a 23.1 percent rise in third-quarter profit.The company made a profit of SR15 million ...

 Oct 20 2014 - Saudi- SAFCO Q3 net profit rises 242Arab News
(MENAFN - Arab News) JEDDAH: Saudi Arabia Fertilizers Co. reported a 24.4 percent rise in third-quarter net profit ending a sustained profit slump as sales prices and sales volumes increased.The ...

 Oct 20 2014 - Saudi- MMG board approves recovery planArab News
(MENAFN - Arab News) ALKHOBAR: Saudi contractor Mohammad Al-Mojil Group's (MMG) board had approved a recovery plan that use most of its existing capital base to pay off debts and new cash raised ...

 Oct 20 2014 - Saudi- Burgan Bank plans 74.8m rights issueArab News
(MENAFN - Arab News) DUBAI: Burgan Bank Kuwait's third-largest lender by assets will launch a 21.6 million dinars ($74.8 million) rights issue by the end of 2014 pending regulatory approvals it said ...

 Oct 20 2014 - Khafji disruption 'unlikely to hurt KSA's oil output'Arab News
(MENAFN - Arab News) ALKHOBAR: Crude production from the Khafji oilfield jointly run by Saudi Arabia and Kuwait has been halted temporarily to comply with environmental rules according to an industry ...

 Oct 20 2014 - Saudi bank shares go on sale in largest IPO worth SR22.5 billionArab News
(MENAFN - Arab News) Shares in National Commercial Bank (NCB) went on sale on Sunday in Saudi Arabia's largest-ever initial public offering (IPO) which at SR22.5 billion ($6 billion) is also one of ...

 Oct 20 2014 - Jarir to invest SR1 billion to double stores over five yearsArab News
(MENAFN - Arab News) RIYADH: Saudi Arabian retailer Jarir Marketing Co. plans to invest SR1.1 billion ($293 million) over the next five years to roughly double the number of its stores in Saudi ...

 Oct 20 2014 - Kingdom's budget surplus likely to hit SR147 billionArab News
(MENAFN - Arab News) Total revenues of the Kingdom are expected to reach SR1.1 trillion in the current year or a surplus of SR147 billion over the projected SR855 billion budget estimated earlier in ...

 Oct 20 2014 - KACST chapter wins awards for electronic warfare achievementsArab News
(MENAFN - Arab News) The King Abdulaziz City for Science and Technology (KACST) has bagged two awards from the Washington-based Association of Old Crows (AOC) for its outstanding achievements in the ...

 Oct 20 2014 - Saudi- Early detection boosts chances against breast cancerArab News
(MENAFN - Arab News) Dr. Samia Al-Amoudi founder and CEO of the Sheikh Mohammad Al-Amoudi Center of Excellence in Breast Cancer said that early detection of breast cancer increases recovery chances ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help