Emirates Airline says 'wings clipped' by Boeing delays
Recasts, adds detail and quotes
By Federico Maccioni
DUBAI, Nov 27 (Reuters) -Emirates Airline is a "frustrated entity" because of a lack of planes, the carrier's president said on Wednesday, adding that it would now have an 85-strong fleet of Boeing BA.N 777-9X jets if the planemaker had been able to deliver them on time.
"We are expansionists, as you know. And we've had our wings clipped," Tim Clark told reporters at an event to mark delivery of Emirates' first Airbus A350 aircraft.
Emirates, the Middle East's biggest airline, has increasingly voiced its displeasure over delays and uncertainty plaguing delivery of the 777-9X jets, which were exacerbated by a weeks-long strike by Boeing factory workers.
Asked if there were any plans to review the orders in light of the delays, Clark said the company would just wait and see.
"I'm hoping that with the $21 billion they've just had injected into the company and the end of the strike, they're now working over the next few months to sort out what they're going to do. We watch that very closely," he said.
Boeing's new CEO said in October that the planemaker had told customers it expects first delivery of its 777X in 2026,owing to challenges in development, a flight-test pause and the work stoppage.
Clark also said that the new Airbus A350 aircraft would drive the next phase of Emirates' growth, enabling it to consider new destinations.
Reporting by Federico Maccioni
Writing by Rachna Uppal
Editing by Louise Heavens and David Goodman
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
