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Market Chatter: Emirates Expands Boeing 777F Fleet Amid Growing Cargo Traffic
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Market Chatter: Emirates Expands Boeing 777F Fleet Amid Growing Cargo Traffic
Oct 17, 2024 1:42 PM

11:50 AM EDT, 10/16/2024 (MT Newswires) -- Dubai's Emirates airlines is increasing its number of Boeing ( BA ) 777F cargo planes as it prepares for a significant growth in cargo traffic, Reuters reported Wednesday, citing industry sources.

The order for additional freighters comes amid ongoing tensions between Emirates and Boeing ( BA ) over separate delays but was reportedly initiated before Boeing's ( BA ) announcement on Friday that the 777X jetliner series would be delayed until 2026, according to the news outlet.

In September, Boeing ( BA ) disclosed that it had received orders from unidentified clients for a fleet of 11 777F cargo planes, but did not provide further details. A portion of these orders was a new commitment for the 777F from Emirates, Reuters reported, citing sources.

Emirates and Boeing ( BA ) did not immediately respond to MT Newswires' requests for comment.

Boeing ( BA ) shares were up nearly 1% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 153.70, Change: +1.35, Percent Change: +0.88

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