The Billion-Dollar Order: Emirates SkyCargo Agrees to More Boeing 777Fs

Emirates SkyCargo placed a firm order for five Boeing 777 freighters to be delivered between 2025 and 2026, with a combined list price of one billion dollars.

The company highlighted that the first quarter of this fiscal year 2024-25 is experiencing «exceptional» results, with load factors and tonnage higher than those of 2019. With the new aircraft ordered, Emirates SkyCargo’s cargo capacity will grow by 30%, allowing it to «deploy much-needed space in key markets.»

«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 Ahmed bin Saeed Al Maktoum, Chairman and CEO of Emirates Airline and Group, indicating that the next phase of the 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.»

Meanwhile, Stephanie Pope, President and CEO of Boeing Commercial Airplanes, said they «deeply value Emirates’ trust in the Boeing widebody family and are committed to supporting their long-term strategic growth plan.»

The airline said the 777Fs ordered will replace older aircraft, while capacity will also be bolstered by the conversion of 10 777-300ERs to freighters, currently underway, bringing the total pure freighter fleet to 17 aircraft by the end of 2025.