Etihad buys 45 Boeing passenger jets for 9.4 billion dollars

FARNBOROUGH, England - Etihad Airways, the national carrier of the United Arab Emirates, said here Monday it had agreed to purchase 45 Boeing passenger jets worth 9.4 billion dollars (5.9 billion euros).

By (AFP)

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Published: Mon 14 Jul 2008, 8:36 PM

Last updated: Sun 5 Apr 2015, 12:49 PM

Etihad, which launched in 2003, announced at the Farnborough International Airshow that it was buying 35 mid-sized Dreamliner 787 jets -- Boeing's new fuel-efficient aircraft -- and 10 mid-sized Boeing 777s.

"The new-generation Boeing aircraft we have ordered are among the most fuel efficient and will help maintain Etihad's fleet as one of the youngest and greenest in the sky," Etihad chief executive James Hogan said in a statement issued following a press conference.

Etihad said it would take delivery of the 777s in 2011 and Dreamliners in 2015.

Oil-producing Gulf states such as the United Arab Emirates are snapping up new aircraft thanks to extra revenues being earned from rocketing crude prices.

New low-cost airline FlyDubai kicked-off the Farnborough Airshow on Monday by announcing a 4.0 billion-dollar deal for 54 single-aisle Boeing 737 passenger jets.

Boeing was meanwhile expected to deliver its first-ever Dreamliner in the third quarter of 2009, after being beset by delays. The US group's first new model in more than a decade takes advantage of recent huge advances in aviation technology.

Up to 50 percent of the primary structure of the plane -- including the fuselage and wing -- is made of composites such as carbon-fibre, which reduce its weight.

Boeing, which aims to build some 2,000 Dreamliners over the next two decades, maintains that the jet will consume 20 percent less fuel than similar-sized planes already on the market.

The Dreamliner will compete with Airbus' A350 plane.

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