Emirates to place $5 billion Boeing order

FARNBOROUGH, England (BestGrowthStock) – Emirates airline is set to place a $5 billion order for 20 Boeing (BA.N: ) 777 wide-body jets, aviation sources said on Saturday.

The order could be a key feature of the opening day of the July 19-25 Farnborough air show on Monday, when the Dubai-based airline is expected to hold a news conference.

Boeing declined to comment.

An order for 20 of the latest model of 777s, which seats 365 passengers, would be worth $5.4 billion at list prices.

Emirates, the largest airline in the Arab world, placed an order for 32 Airbus (EAD.PA: ) A380s at the Berlin air show last month and said it was likely to order more aircraft soon.

(Reporting by Tim Hepher, Editing by Andrea Shalal-Esa)

Emirates to place $5 billion Boeing order