Quotes: 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
 Jul 28 2015 - Optibiotix completes study on cholesterol reducing capsuleProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-- ADDS CHIEF EXECUTIVE COMMENT DETAIL AND SHARE PRICE Life sciences group Optibiotix (LON:OPTI) has completed a clinical study for its cholesterol reducing capsules with ...

 Jul 28 2015 - Most followed: GDP GKN Hikma Melrose Resources RSA Insurance supermarketsProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Conspiracy theorists who reckon governments juice up the economy so an economic revival coincides with a General Election may have to have a rethink. Either that or the ...

 Jul 28 2015 - Mosman Oil raises £400000 for deposit on acquisitionProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Mosman Oil and Gas (LON:MSMN) has raised £400000 from a placing to move forward the acquisition of a producing asset along and arrange for it to be ...

 Jul 28 2015 - Risers & Fallers including Edge Virgin Money Informa Dialight Royal Mail and more...ProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are the main news-driven share price movements at 12.15pm. RISERS Edge Resources (LON:EDG) up 16.8%. The company raised C$500000 through a private placement with ...

 Jul 28 2015 - UAE Etisalat telecom's profit dives 40% in Q2AFP
(MENAFN - AFP) UAE telecom giant Etisalat said on Tuesday its net profit plunged 40 percent in the second quarter because of higher depreciation and the impact of its troubled Saudi unit ...

 Jul 28 2015 - UAE hikes petrol prices 24%, cuts diesel 29%AFP
(MENAFN - AFP) The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by international standards, a government committee announced on Tuesday. From ...

 Jul 28 2015 - Saudi Sipchem suffers 55% net loss in Q2MENAFN
(MENAFN) Saudi International Petrochemical Co. (Sipchem), records 55 percent profit loss in the second quarter, Arab News reported. According to a report, the International Petrochemical net loss is ...

 Jul 28 2015 - Saudi- Low sales, high costs put Tasnee in lossKhaleej Times
(MENAFN - Khaleej Times) Saudi Arabia's National Industrialisation, or Tasnee, on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product ...

 Jul 28 2015 - Flat growth in Abu Dhabi housing rentsKhaleej Times
(MENAFN - Khaleej Times) The housing market in Abu Dhabi saw flat growth in rents during the second quarter of the year, while remaining stable this quarter, according to real estate investment and ...

 Jul 28 2015 - UAE hikes petrol prices by over 22%Khaleej Times
(MENAFN - Khaleej Times) The UAE on Tuesday made foray into the new era of zero-subsidy regime for fuel prices in Gulf Cooperation Council by announcing new prices for August.A high-powered ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help