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Emirates SkyCargo orders five new Boeing 777 freighters.
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Emirates SkyCargo announced an investment of US$1 billion (AU$1.484b) to expand its fleet with an order of five new Boeing 777 freighters.
The investment follows a strong performance in the first quarter of the 2024/25 financial year. Emirates SkyCargo expects the new freighters to increase its capacity by 30 per cent. The increase enables the airline to meet growing demand and further solidify Dubai’s position as a global trading hub.
“Demand for our world-class product and services is growing exponentially, further amplified by Dubai’s Economic Agenda which aims to double foreign trade and reinforce the city’s position as a global trading hub,” His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates airline and Group said.
“This investment in additional Boeing 777 capacity enables us to cater to customer demand and marks a step forward on our long-term strategic growth plan.
“The next phase of our strategy will include a full assessment for our future freighter fleet reviewing all aircraft options to ensure we are best equipped to respond to the evolving demands of the market and reaffirming our confidence in the role of airfreight and, more specifically, Emirates SkyCargo, in global trade.”
President and CEO of Boeing Commercial Airplanes, Stephanie Pope, said: “We are honored that Emirates SkyCargo, renowned for operational excellence and innovation, has once again selected the Boeing 777 Freighter to extend the reach of its global network. We deeply value Emirates’ trust in the Boeing widebody family and are committed to supporting their long-term strategic growth plan.”
The new freighters, along with the retirement of older fleet airplanes, reinforces the company’s commitment to operating a modern and efficient fleet. It also aligns with the airline’s long-term growth strategy and ensures its ability to meet the evolving needs of the airfreight market.
The airline is set to enhance its cargo capabilities with an additional 10 Boeing 777Fs, converted into freighters. This takes Emirates’ freighter fleet to 17 aircraft by the end of 2025. The new Boeing 777 freighters are scheduled to arrive between 2025 and 2026.
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