EMIRATES SIGNS FOR 20 BOEING 747-8 FREIGHTERS
Combined value worth US$ 5.6 billion at list prices
DUBAI, U.A.E., 12th October 2006 - Emirates Airline has signed a contract for 10 Boeing 747-8F's, and announced purchase rights for a further 10 747-8F's. The combined value of these 20 aircraft is worth an estimated US$5.6 billion at list prices.
 The contract was signed in Dubai by HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and Ken Schultz, Boeing Commercial Airplanes Sales Director.
 Sheikh Ahmed said, "Our order for the 747-8F's will be essential in helping us service our rapidly growing network of 28 freighter destinations which include exclusive freighter services in Bangalore, Lilongwe, Gothenburg, Amsterdam, and Taipei.  Our cargo operations currently also serve Emirates' 85 destinations as belly-hold space in our scheduled passenger services." 
 The 747-8F's will effectively meet Emirates SkyCargo's increasing requirement for additional capacity and operational flexibility. The 747-8F's further offer reduced noise, lower emissions and reduced trip costs, as well as generous payload capacity with 140 metric tones. 
The acquisition will position the carrier to take advantage of a strong regional and international cargo market. Air cargo traffic into, out of and within the Middle East accounted for 5.8 percent of the world's tonnage and nearly five percent of the world's revenue tonne-kilometers during 2005. 
 The firm order of 10 aircraft is valued at approximately $2.8 billion at list prices and is scheduled for first delivery in 2010.  The carrier currently operates nine wide-bodied Boeing 747Fs and Airbus A310Fs, and also has on order eight 777Fs.
 Dubai-based Emirates is one of the world's most successful and profitable international airlines. It currently operates a fleet of 98 wide-bodied aircraft to 85 destinations around the globe. Over the past decade, Emirates has been recording double-digit growth annually, and it currently receives an average of one new aircraft per month.
The current total value of Emirates orders of more than 100 wide-bodied jets pending delivery is approximately US$ 30 billion. 
 
Information:
John McGrath or Paul Chater Marshall-Fenn Communications 416-962-3366