Emirates confirms $15bn order for 40 Boeing 787-10 Dreamliners

Airbus to buy back some A380s in new Emirates deal: sources

This is an airplane that will set a new benchmark for operating economics in the commercial aviation industry when it enters service next year.

The planes will be delivered starting in 2022, said Sheikh Ahmed bin Saeed Al Maktoum, chairman and CEO of Emirates Airline and Group.

Emirates is evaluating engine options for its Dreamliner order.

Sheikh Ahmed said the deal raises total outstanding orders from United States aerospace giant Boeing, the global competitor of Europe's Airbus Industries, to as high as $90bn.

Read: Which career are most UAE youth choosing today? .

"It has always been Emirates' strategy to invest in the most advanced and efficient aircraft, and today's orders reflect that". Emirates is already the world's largest client for Boeing's 777, with 165 jets and another 164 on firm order.

Airbus, Boeing and Emirates all declined comment. The announcement of the Boeing deal with Emirates came amid speculations the Dubai national carrier was also planning to announce another to buy more Airbus 380 superjumbo jets.

The 787-10 Dreamliner is the newest and longest member of the super-efficient 787 family.

Placing the rest of the aircraft is no easy task as demand for the double-decker aircraft remains thin, aircraft financiers say.

Airbus will have to buy back or find new homes for some of the older A380s now operated by Dubai's Emirates as it finalises a deal to sell new superjumbos to the Gulf carrier, industry sources said on Sunday. Emirates' Dreamliners will be delivered in a mix of two and three-cabin class configurations, potentially seating between 240 and 330 passengers.

A battle for orders erupted on day one of the Dubai Airshow yesterday, as Europe's Airbus and its United States arch-rival Boeing prepared to fire opening salvos worth nearly $30 billion.

The UAE Ministry of Defence revealed an order book of more than US$1.77 billion, including the purchase of 60 Lockheed Martin F-16s.

Dubai-based flydubai unveiled its brand-new Boeing 737 MAX 8, the first of 76 ordered from Boeing, all of which will be delivered by 2023.

Aerospace manufacturers were pitching for other deals on the eve of the show, one of the largest business gatherings in the Middle East.

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