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Boeing inks new $27 billion deal at Dubai Air Show


AP file photo
AP file photo
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DUBAI, United Arab Emirates - The Boeing Co. has reached a major deal on the next-to-last day of the Dubai Air Show.

Low-cost carrier FlyDubai has ordered 225 Boeing 737 MAX 10 aircraft in a deal valued at $27 billion. FlyDubai currently operates an all-Boeing fleet.

FlyDubai said the new planes would bring the low-cost carriers total fleet on order up to 320. FlyDubai has begun to code-share flights with Emirates; both airlines are owned by Dubai's government.

Boeing 737 MAX 10s, a twin-engine, single aisle plane capable of carry 230 passengers, have a list price of $124.7 million. They'll complement FlyDubai's fleet of Boeing 737s.

"Today marks the next chapter in FlyDubai's success story," FlyDubai CEO Ghaith al-Ghaith said.

The agreement comes just three days after Boeing signed a $15.1 billion deal with Emirates Airlines. Emirates now relies solely on the Airbus 380 and the Boeing 777 for its flights, making it the largest operator of both. It has 165 Boeing 777s in its fleet today and took possession of its 100th A380 earlier this month.

Boeing's major competitor Airbus also signed a $49.5 billion deal on Wednesday to sell 430 airplanes to the Phoenix-based private equity firm that owns Frontier Airlines.

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