The Boeing 787 Dreamliner Wins a Huge Victory in Dubai
Last week, in the lead-up to the biennial Dubai Airshow, rumors circulated that Middle Eastern airline giant Emirates was closing in on a repeat order for Airbus' (NASDAQOTH: EADSY) A380 jumbo jet.
Instead, Boeing (NYSE: BA) was the big winner on the first day of the Dubai Airshow, as Emirates committed to buy Boeing's largest Dreamliner model: the 787-10. Meanwhile, Airbus came up empty, as Emirates is demanding a guarantee that A380 production will continue for at least 10 more years as a precondition of placing a new order.
Three years ago, Emirates canceled an order for 70 Airbus A350s. At the time, it said that the A350-1000 model's specifications had changed. Emirates' fleet requirements had also shifted somewhat since it had placed the original A350 order.
Source: Fool.com
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