Emirates airline placed a blockbuster order for 50 Boeing 777 jetliners at the Dubai Air Show on Sunday, underscoring the confidence brimming among fast-growing Gulf airlines despite growing fears of stalling global growth.
The Dubai government-owned carrier, expanding its role as the world's largest operator of Boeing's most profitable plane, said the deal was worth $18 billion, the largest commercial order by value in the U.S. planemaker's history.
Reuters reported on Friday that Emirates, which has led efforts by Gulf-based carriers to challenge European and Asian carriers by establishing the region as a major East-West hub, would place an order of between 30 and 50 Boeing 777 aircraft.
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