Emirates SkyCargo, the cargo segment of the Dubai flag carrier, has placed a $1 billion order for an extra five Boeing 777 Freighters with delivery expected between 2025 and 2026.
Emirates said in a statement on July 16, 2024, that the new order comes off the back of strong growth so far during financial year.
The new Boeing 777 Freighters will see the airline’s available main deck cargo capacity increase by 30%.
“Demand for our world-class product and services is growing exponentially, further amplified by Dubai’s Economic Agenda which aims to double foreign trade and reinforce the city’s position as a global trading hub. This investment in additional Boeing 777 capacity enables us to cater to customer demand and marks a step forward on our long-term strategic growth plan,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group.
The Emirates boss added: “The next phase of our strategy will include a full assessment for our future freighter fleet reviewing all aircraft options to ensure we are best equipped to respond to the evolving demands of the market and reaffirming our confidence in the role of airfreight and, more specifically, Emirates SkyCargo, in global trade.”
According to ch-aviation.com, Emirates already has five Boeing 777 Freighters on order and is also currently converting 10 777-300ERs into cargo aircraft.
Emirates confirmed that as the new 777 Freighters arrive it will retire some of its older cargo fleet.
“We are honored that Emirates SkyCargo, renowned for operational excellence and innovation, has once again selected the Boeing 777 Freighter to extend the reach of its global network,” Stephanie Pope, President and CEO of Boeing Commercial Airplanes, said. “We deeply value Emirates’ trust in the Boeing widebody family and are committed to supporting their long-term strategic growth plan.”
Boeing provides more than 90% of the worldwide dedicated freighter capacity, including new production and converted airplanes.
The 777 Freighter is the company’s best-selling freighter plane of all time with more than 265 deliveries to date.
Emirates SkyCargo’s cargo fleet, which includes belly capacity on passenger jets, comprises of Boeing 777s, 777Fs, 747Fs, A350s, and A380s.
With the additional order for five 777 Freighters, Emirates’ total order book stands at 315 widebody aircraft.