Emirates SkyCargo invests $1 bn more for 5 additional new Boeing freighters
Dubai, UAE: Emirates SkyCargo, the cargo arm of the world’s largest international airline, is investing an additional $1 billion for five more new freighters from Boeing, bringing to 315 wide-body aircraft its total order to the American firm touted as the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense products.
The Emirates SkyCargo’s new order of five Boeing 777 freighters are expected to be delivered between 2025 and 2026. Their addition to its freighter fleet will increase the cargo airline’s capacity by 30 percent,
allowing the airline to deploy much-needed space into key markets, and better serve global customers.
Emirates SkyCargo’s performance throughout Q1 of its current 2024-25 financial year has been exceptional, with consistently high load factors and tonnages surpassing 2019 figures.
“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 His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group.
“The next phase of our 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,” he added.
Stephanie Pope, President and CEO of Boeing Commercial Airplanes, commented, “We are honored that Emirates SkyCargo, renowned for operational excellence and innovation, has once again selected the Boeing 777 Freighter to extend the reach of its global network. We deeply value Emirates’ trust in the Boeing widebody family and are committed to supporting their long-term strategic growth plan.”
With the staggered delivery of its new aircraft, Emirates SkyCargo will retire older freighters, reinforcing the airline’s commitment to operating one of the youngest and most efficient fleets in the sky.
In addition to the 10 Boeing 777Fs on order, the airline’s cargo capabilities will be bolstered by the 10 777-300ERs currently being converted into freighters, taking Emirates’ freighter fleet to 17 aircraft by the end of 2025. Harnessing the Emirates passenger fleet, the cargo division will continue to facilitate the fast, reliable and efficient movement of goods worldwide, offering customers more flexibility with a fleet mix comprised of 777s, 777Fs, 747Fs, A350s, and A380s.
