Talks ongoing for 40 Boeing 787s: Emirates

Emirates airline has confirmed that talks with Boeing are still "ongoing" for its $15-billion 787 Dreamliner order signed in 2017, rebuffing some media reports that the Dubai carrier might have cancelled the order.
"In November 2017, Emirates announced a memorandum of understanding for the purchase of 40 Boeing 787s which at this time has not been converted into a firm contract. However, we can confirm that discussions on the 787 are ongoing," an Emirates spokesperson said in a statement to Khaleej Times.
The world's largest carrier had omitted the Dreamliner from its recently-released 2018-2019 financial results, fuelling speculations that the airline had probably scrapped plans for an order for 40 787-10 Dreamliners from Boeing.
In 2018-19, Emirates Group invested Dh14.6 billion in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies, and staff initiatives, a significant increase over last year's investment spend of Dh9 billion.
Emirates received 13 new aircraft during the financial year, comprising of seven A380s and six Boeing 777-300ERs, including the last 777-300ER on its order book. The next 777 delivery is planned for 2020, when Emirates receives its first 777X aircraft.
In February, Emirates announced a commitment for 40 A330-900s and 30 A350-900s worth US$ 21.4 billion at list prices in an agreement signed with Airbus, to be delivered from 2021 and 2024 respectively. The airline will also receive 14 more A380 deliveries from 2019 until the end of 2021, taking its total A380 order book to 123 units.
The airline reported a profit of Dh871 million in 2018-19, a decline of 69 per cent over last year's results.
- waheedabbas@khaleejtimes.com