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Emirates to hold Boeing's 'feet to the fire' to deliver on $38 billion deal, president says
CNBC· 2025-11-18 11:31
Core Insights - Emirates has placed a significant order for 65 Boeing 777-9 aircraft, valued at $38 billion, increasing its total order with Boeing to 315 widebody jets [3] - The airline's president, Tim Clark, expressed confidence in Boeing's ability to recover and restore its reputation, despite ongoing production and certification challenges [2][8] - Emirates is actively pressuring Boeing to meet delivery timelines, particularly as delays have impacted the airline's operations and capacity [4][5] Company Performance - Boeing is facing prolonged delays in its 777X program due to certification and production issues, which have also affected other aircraft models like the 737 [4] - The company has been under scrutiny following several fatal crashes, leading to increased focus on operational safety and quality control [10][11] - Emirates has invested billions retrofitting older aircraft to address capacity gaps caused by Boeing's delivery delays [6] Industry Context - Other airlines, such as Ryanair, have also been affected by Boeing's delivery postponements, indicating a broader impact on the aviation industry [7] - The aviation sector is closely monitoring Boeing's recovery efforts, with expectations that the company can regain its status as a leader in aeronautical engineering [8][11] - Emirates' substantial order reflects a belief in Boeing's potential for turnaround, despite the current challenges faced by the manufacturer [12][13]