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Boeing Gets $9.1B Order for 777 Jets

Updated from Sunday, July 18

FARNBOROUGH, England ( TheStreet) -- Boeing (BA - Get Report) received an order for 30 Boeing 777-300ER planes, worth $9.1 billion in list prices, from Dubai's Emirates airline.

The order, announced Monday at the Farnborough International Airshow, adds to the 71 models of the same aircraft previously bought by Emirates, according to the Associated Press.

The news comes as the airplane industry is gathering in England for the Farnborough International Airshow.

A highlight of the show was the landing of a Boeing 787 jet -- the first time one has touched down outside the U.S.

Boeing has often touted the plane as a next-generation airliner because of its fuel efficiency and what the company claims is a more comfortable passenger environment. But production problems already have delayed the airliner's delivery by more than two years.

At the show, Boeing CEO Jim McNerney said the company planned to deliver the 787 by the end of this year, although he added that some administrative delays could push the date into 2011, the Associated Press reported.
Associated Press
Boeing CEO Jim McNerney, right, and Jim Albaugh, the chief of the company's commercial airline unit, pose with a Boeing 787 after it landed at the Farnborough International Airshow.
This article was written by a staff member of TheStreet.

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