Project Delay

Emirates to delay Boeing 777 deliveries
May 02, 2009 at 10:43

Deliveries of new Boeing 777 aircraft to Dubai's Emirates airline are expected to slow down after April 2010 due to the global financial crisis, UAE daily Gulf News reported on Saturday.

"The slowdown in deliveries is related to the credit crunch, and with the airline business today we do have a little bit of a slowdown on the different aspects of the business," Abdullah al-Shams, a manager at Emirates, told the newspaper.

"We do have deliveries until April 2010 and then we have a slowdown on the deliveries for the following year," he said. He stressed Emirates had not cancelled any orders with Boeing. It still plans for a full fleet between 106 and108 planes despite the delay. Boeing is facing increasing cancellations for new aircraft from other airlines due to the financial crisis.

The list price for a Boeing 777 ranges from about $250 to $275 million.

Ref: http://business.maktoob.com/20090000002205/Emirates_to_delay_Boeing_777_deliveries/Article.htm