XM does not provide services to residents of the United States of America.

Emirates buys five Boeing 777F, weighs further freighter orders



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Emirates buys five Boeing 777F, weighs further freighter orders</title></head><body>

Oct 21 (Reuters) -Dubai's Emirates has ordered five Boeing 777F freighters and will make a decision this year on a purchase of further Boeing BA.N or Airbus AIR.PA models for its fleet beyond 2028/29, the airline said on Monday.

The announcement confirms a Reuters report last week that Emirates had ordered current-generation 777F freighters in September, part of a batch of new orders for 11 777F freighters disclosed by Boeing without giving airline names earlier this month.

In a statement, Emirates said it had also signed a multi-year lease extension with Dubai Aerospace Enterprise for four Boeing 777Fs that it already operates.

Emirates also said it was in talks to choose between two newer models, the Airbus A350F and the freighter version of the Boeing 777X (also known as 777-8F), and would make a decision by year-end.

Airline president Tim Clark last week renewed criticism of delays in the 777X passenger version and voiced concerns over a corporate crisis at Boeing.

Monday's statement reaffirmed Emirates' commitment to a delayed project to convert 10 passenger Boeing 777-3000ERs into freighters with Israel Aerospace Industries, without naming the Israeli company.

Emirates signed a deal with IAI to convert the planes into freighters in November 2021, reflecting closer business ties after the UAE in 2020 became the first Arab state to open diplomatic relations with Israel in almost three decades.

Business executives in both countries have said the broader ties remain intact but that the war in Gaza has cooled activity, with less public emphasis placed on the relationship.

Emirates is the world's largest Boeing 777 operator and one of the world's largest cargo carriers.

Boeing forecasts an additional 2,845 freighters will enter service over the next 20 years to support growing global trade and e-commerce demand.



Reporting by Tim Hepher; Editing by Kirsten Donovan

</body></html>

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.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.