Boeing sets historical order: 70 units of 777 aircraft worth $26 billion

Boeing signed a $26 billion contract to deliver up to 70 B777 airplane to the Emirates Airline carrier. This is the biggest order in the nearly 100 year history of the American group.

The agreement was signed at the Dubai Air Show today and includes a secure order for 50 aircrafts B777 worth $18 billion, with option to purchase another 20, said Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum.

Aircraft delivery will start in 2015.

Emirates is the dominant air company in the Middle East with the largest number of Boeing 777 aircraft in its fleet, operating 94 such planes and having orders for another 41.
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Following the agreement signed with Emirates, this year became the best for the Boeing 777, surpassing the 2005 record of 154 orders. Boeing received the first order for the model 777 in 1990 and the first flight took place in 1994.

Boeing is one of the two largest aircraft manufacturers in the world, besides its main competitor, the European group Airbus.

Company Emirates Airlines (UAE), is the largest airline operator in the Middle East.