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Boeing Co signed a $26 billion agreement with Emirates Sunday at the Dubai Air show, for 70 777 aircraft, the company’s largest order in its nearly 100 year history.
The order is supposed to extend the fleet in the Middle east. Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum said the order includes 50 aircraft valued at $18 billion, the rest will be options. Sheikh Ahmed stated deliveries will begin in 2015 and retire some of the older aircraft.
Emirates is the world’s leading airline by international traffic with 94 aircraft in fleet and an order back log of another 40. They are the largest operator of the 777 which can steat 365 people.
Boeing has been increasing monthly production to keep up with demand. The company said this deal with Emirates has added to the best year yet for the 777.