Ethiopian Airlines Buys Boeing 777 Cargo at Dubai Air Show

Ethiopian Airlines Buys Boeing 777 Cargo at Dubai Air Show

Ethiopian Airlines Buys Boeing 777 Cargo at Dubai Air Show. Boeing Co. signed a USD 1.3 billion deal on Tuesday to sell four 777 cargo aircraft to Ethiopian Airlines as a supplier of a plane to a Kuwaiti operator that resumed operations and tentatively agreed to buy 25 Airbus A320neos.

Boeing and Ethiopian, the largest cargo operator in Africa, based in Chicago, made the announcement at the Dubai Air Show, which continues until Thursday.

The Boeing 777 cargo aircraft have a list price of USD 325.7 million. However, airlines and manufacturers usually negotiate discounts on such offers.

Later on Tuesday, Airbus announced the tentative sale of the A320neos to Golden Falcon Aviation, the exclusive aircraft supplier of Wataniya Airways. Wataniya, a private company, resumed operations in July after the company closed in 2011 due to financial difficulties amid the protests of the Arab Spring that took over the Middle East.

At a list price, the 25 A320neos would be worth USD 2.7 billion. The single-engine A320neos single-aisle can accommodate up to 180 passengers.

This year's aviation show has seen less sales than in recent years. The only major agreement announced so far came on Sunday, when long-distance operator Emirates bought 40 Boeing 787-10 Dreamliners in a USD 15.1 billion deal.

So far, there has been little news for Airbus, which has pinned hopes of continuing production of its double-deck A380 jumbo jet in Emirates, the world's largest aircraft operator. The reports circulated before the air show that a big sale of the A380 would come.

Airbus employees even held a press conference on Sunday, awaiting the sale of the A380, instead of finding the state Emirates to make the deal with Boeing in front of the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum.

Emirates now relies solely on the Airbus 380 and the Boeing 777 for its flights, which makes it the largest operator of both. He now has 165 Boeing 777 in his fleet today and took possession of his 100th A380 earlier this month.

Also at the Dubai Air Show, Egypt's flagship EgyptAir signed a letter of intent to order 12 Bombardier CS300 passenger aircraft for USD 1.1 billion.

The tentative agreement, signed at a ceremony at the aeronautical show, also includes the purchase rights of 12 additional aircraft, which would double the value of the sale.

The US Department of Commerce UU He has imposed severe duties on Bombardier, which charges the Canadian company the sale of the Series C aircraft in America at below cost and receives subsidies from the government. In October, he said he would impose an 80 percent tax on tariffs of nearly 220 percent on the plane, a benefit for rival Boeing.

After the decision, Bombardier sold a majority stake in its C-series business to the European aerospace giant Airbus at no cost.