Etihad Airways has revealed its largest ever fleet order, while Emirates has announced the largest order in civil aviation history.
Etihad's acquisition will assist the airline’s aspirant growth strategy, route expansion and entry into new markets, while Emirates' purchase will modernise its fleet and provide the foundation for the continuation of the airline's vision to connect the world through its Dubai hub.
Etihad will purchase 87 Airbus and 56 Boeing aircraft, as well as 294 engines, at a cost of US$67 billion, while Emirates will receive 150 Boeing 777Xs and 50 Airbus A380s at a cost of US$99 billion.
Emirates’ Boeing 777X order is the single largest aircraft order by value in the history of U.S. commercial aviation, while the additional A380 order cements Emirates as the principal customer for the A380 worldwide.
Etihad's order qualifies the airline as the largest customer for the Boeing 787 Dreamliner – ordering 30 new aircraft – pushing total Dreamliner orders worldwide to more than 1000.
Etihad has taken a unique approach to the ordering process, possessing the capability to redirect aircraft orders to members of its equity alliance – airlines in key global markets in which the company owns minority shareholdings.
“The opportunity to standardise fleets and align product among members – whilst always keeping the distinct brand identities of each airline – will offer both cost synergies and marketing benefits,” Etihad Airways president and chief executive James Hogan said.
Etihad passenger aircraft deliveries are slated to begin in 2018, while Emirates will receive its first 777X aircraft in 2020.