Boeing inks $1.3B Ethiopian Airlines deal for 777 freighters

Marcus Newton
November 16, 2017

Ethiopian Airlines announced an order for four Boeing 777 freighters in a deal valued at more than $1.3 billion at list prices. Together, the orders totaled $76.5 billion, which set a new record.

The Gulf super-connector has hinted, along with many of its peers, that it sees the future in smaller more efficient aircraft.

Airbus and Boeing went into the air show with 288 and 605 net orders, respectively.

Airbus and Indigo Partners declined to comment.

The despite the mega-order, celebrations at Airbus would be muted as the aircraft maker has failed to attract a single buyer for the A380 in Dubai, having been snubbed by the model's biggest buyer Emirates.

"We are honored that Ethiopian Airlines, one of Africa's leading carriers, has again selected Boeing airplanes to grow its operations, adding to an order book that includes the 737 MAX and 787 Dreamliner", said Boeing Commercial Airplanes President & CEO Kevin McAllister.

A320neos list for 108.4 million dollars (£82 million) apiece and A321neos at 127 million dollars (£96 million), although airlines and manufacturers often negotiate lower prices for big deals like these. The deal will spread the jets out across Frontier Airlines in the U.S., Mexico's Volaris, Wizz Air of Hungary and newcomer JetSmart of Chile.

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A person close to the talks said that such "wholesale" aircraft deals could become more common as more private equity and new sources of funding come into the airline business.

AerCap is the world's largest lessor of the Airbus A320neo; and the largest customer of the Boeing 787, with 116 on order and owned.

The Franke deal also marks a dramatic swan song for Airbus sales chief Leahy, who is due to retire in the coming months from a role he has held since 1994.

Emirati men visit the Dubai Airshow at its venue in Dubai.

It also means that the European giant will overtake its U.S. rival Boeing, which has sold 605 planes so far this year.

The blockbuster finale to the main part of the November 12-16 show lifted a despondent mood that had settled over the Airbus chalet when a deal for A380 superjumbos collapsed on day one.

Other reports by MaliBehiribAe

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