Emirates Trims Boeing (BA) Wide-Body Plan as It Curbs Growth - Bloomberg

Emirates Trims Boeing (BA) Wide-Body Plan as It Curbs Growth - Bloomberg:

Emirates scaled back a commitment to buy billions of dollars of Boeing Co. wide-body jets, completing a recalibration of ambitious plans that has also seen it slash orders for Airbus SE planes.

The world’s biggest long-haul airline will now take 30 Boeing 787s worth $8.8 billion at list prices, together with 126 larger 777Xs, Chairman Sheikh Ahmed Bin Saeed Al Maktoum announced Wednesday at the Dubai Airshow.

That’s 40 planes fewer than originally planned, including six older 777s converted to the new version, and follows the slimming down of orders with Airbus by a net 20 jets earlier this week. Based on the most recent published list prices, the jettisoned commitments were worth about $24 billion.