Boeing's 777X aircraft is delayed until 2027, potentially incurring $2.5 to $4 billion in non-cash accounting charges, due to certification delays and ongoing development issues, impacting Boeing's financial outlook and strategic position in the long-haul aircraft market.
Emirates airline's commitment to the Boeing 777X, with an order for 95 twin-aisle aircraft, highlights both its frustration with delays in the widebody's development and the changing dynamics of the global aviation market. Over the past decade, Emirates has faced delays and cancellations, while new competitors have emerged. Despite ordering 455 widebody aircraft since 2013, the airline has received only 30, all A380s, as production and pandemic-related delays have impacted its order book.
Middle East carriers, including Emirates and flyDubai, are expected to announce significant aircraft orders at the Dubai Airshow, with Emirates likely to order several dozen Boeing 777X jets. Despite concerns about the impact of Mideast tensions on the travel sector, the region's airlines are looking to renew confidence in long-haul jets. Turkish Airlines is also in talks to buy up to 355 Airbus jets, while Saudi Arabia's Riyadh Air is rumored to be considering a large order for narrowbody jets. The Dubai Airshow is taking place against the backdrop of the Israel-Hamas war in Gaza, which has led to a drop in flight bookings to the Middle East.
Middle East carriers, including Emirates and flyDubai, are expected to announce orders for long-haul jets worth tens of billions of dollars at the Dubai Airshow. Emirates is likely to place a new order for several dozen Boeing 777X jets, boosting the program amid ongoing uncertainty over its schedule. Turkish Airlines is also in talks to buy up to 355 Airbus jets, potentially making a significant announcement at the event. However, the recent Israel-Hamas war in Gaza has led to a drop in flight bookings to the Middle East, and few major arms deals are expected at the show.