Creating Value for the US

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Creating Value for the US Creating value for the U.S. Emirates is a consumer-focused, profit-driven, financially transparent and non- subsidized enterprise that has earned a profit for 30 straight years. How? Because million jobs created and sustained in the Emirates is a fully commercial airline committed to world-class customer service, 1 U.S. aerospace industry by is well-managed, and has pioneered an innovative aviation model: connecting Emirates’ aircraft, engine and service purchases long-haul to long-haul services via a hub, thereby reducing costs for the airline and providing unrivaled global connectivity for travelers. start of Emirates operations In 2004, Emirates began flying between New York JFK and Dubai, which is Emirates’ hub. The 1985 relationship between Emirates and the U.S. however goes back much further, in fact, it was in 1991 when Emirates placed its first order for the wide-body Boeing 777 aircraft. This aerospace relationship spanning decades combined with the air connectivity to and from the U.S. means aircraft Emirates is a significant value creator for U.S. communities, workers and consumers. an all Boeing 777 and 273 Airbus A380 fleet destinations in 86 countries on six 158 continents U.S. airports served with Emirates 12 passenger flights thousand+ Emirates passengers 300 connect annually onto U.S. partner airlines Emirates and Boeing celebrate the delivery of its last Boeing 777-300ER in December 2018 billion estimated annual local $3.3 economic value to 10 Emirates: a significant engine for American airports and surrounding regions served by Emirates aerospace manufacturing jobs in the U.S. (based on economic impact studies Not only does the relationship with Boeing span decades, Emirates is also currently the largest from respective airports or regions) Boeing 777 operator on the planet, with one of out every eight 777 aircraft ever manufactured by Boeing having been delivered to Emirates. The 777 is the backbone of Emirates’ fleet with 164 777s of various configurations in service today, and another 190 next-generation Boeing aircraft including the 777X and 787 on order. In November 2013, Emirates was a launch customer for Boeing’s next generation 777 aircraft, In November 2015, Emirates signed the Boeing 777X. In an unrivaled demonstration of support for Boeing and the 777 program, a $16 billion “OnPoint” contract with Emirates placed an order for 150 Boeing 777X aircraft including 300 GE9X engines to be GE Aviation for maintenance, repair delivered from 2020 onwards. This was the single largest order by value in the history of U.S. and overhaul of the GE9X engines commercial aviation, and also GE Aviation’s largest ever commercial jet engine contract from powering Emirates’ new Boeing any airline. 777X aircraft. In November 2017, Emirates placed a further $15.1 billion order for 40 Boeing 787 Dreamliners. “The relationship between GE and Emirates remains strong, and the Emirates’ total purchases and orders of aircraft, engine and maintenance from Boeing, finalization of the GE9X OnPoint GE Aviation and Engine Alliance since 1991 has created and sustained one million American agreement further extends our jobs, based on the U.S. Department of Commerce’s jobs multipliers and Boeing list prices. The partnership well into the future. The total count of Boeing aircraft in Emirates’ past and current fleet is 366 aircraft. OnPoint solution agreement will allow us to provide comprehensive MRO support along with OEM parts and work scopes to ensure the engines remain in peak operating 1 million American jobs condition.” created and sustained by Emirates’ total investment – David Joyce, GE Vice Chairman, in aircraft, engine and maintenance (past and current) President and CEO, GE Aviation with Boeing, GE Aviation and Engine Alliance “We are honored by Emirates’ “The confidence placed by Emirates in GE Aviation is commitment to the newly launched almost overwhelming. Emirates is critical in enabling 777X and the significant long term GE to demonstrate and improve upon its high-thrust boost this provides to U.S. exports and jobs. Emirates has been engine technologies. The success in service of the an integral part of the 777 success story for many years and today GE90-powered 777-300ER paved the way for the operates the largest fleet of 777s anywhere in the world. We look industry’s enthusiasm for the GE9X-powered 777X. And Emirates forward to further strengthening our partnership with Emirates and has been there for the whole remarkable journey.” continuing to support Dubai’s expansion into a global aviation hub.” – David Joyce, – Jim McNerney, former Chairman, President and CEO, Boeing GE Vice Chairman, President and CEO, GE Aviation Emirates’ U.S. service supports billions of dollars in annual economic activity and tens of thousands of American jobs… ... at and around airports According to U.S. airport data or … with a total impact of more than 104,112 jobs and economic impact studies carried out by surrounding regions, the annual $10.5 billion GDP contribution based on 2015 data economic impact of Emirates’ operations to 10 of the 12 airports it The total economic impact of Emirates’ activity impacting the U.S. in serves exceeds $3.3 billion and supports thousands of jobs. 2015 is quantified as 104,112 jobs, $6.4 billion in labor income, $10.5 … through visitor spending … Based on analysis by Campbell- billion in contribution to GDP and $21.3 billion in business revenue Hill measuring the impact of visitor spending and using 2014 data, the for U.S. companies. This is based on an economic impact analysis by 10-daily round-trips to the U.S operated by Emirates each resulted in Campbell-Hill based on CY 2015 and takes into account the direct, $186 million in annual visitor spending, supported 3,975 jobs which in indirect and induced impact of Emirates’ operations, expenditure and turn led to $161 million in annual U.S. employee earnings. stimulated passengers in the U.S. “The Gulf Carriers’ flights generate ‘hundreds of millions of dollars’ in annual economic benefits for the Dallas-Fort $200m Worth region, with Emirates being singled out as the single largest contributor with $300m $300 million in annual economic benefit.” Seattle $257m – John Ackerman, Chicago Boston Executive Vice President, Global Strategy New York San Francisco $624m and Development, Dallas/Fort Worth Los Angeles Dallas/Fort Worth International Airport Houston Orlando $200m Fort Lauderdale “With an estimated annual economic $166m impact to our region of more than $100 $544m million and approximately one thousand new jobs as a direct and indirect result of $720m Emirates arrival, we are confident this new service will mark the beginning of many Estimated annual $140m more great things to come.” $100m – Mark Gale, local economic impact CEO/Director of Aviation, Broward County of Emirates’ operations Total (Fort Lauderdale-Hollywood impact: International Airport) $3..3bn “With the recent up-gauging to the Boeing 777-300ER the impact increases to around $140 million [from $100 million], and hopefully one day to $188 million if Emirates chooses to operate the A380 to Orlando International.” Source: Economic impact studies from respective airports or regions. – Phil Brown, Studies not available for Washington, DC and Newark. Executive Director of the Greater Orlando Airports Authority Emirates’ partnerships – connecting over 300,000 passengers annually onto our U.S. partner airlines Emirates’ partnerships in the U.S. benefit passengers, airlines and agreements with JetBlue Airways in 2012 and Alaska Airlines in 2015, communities. Passengers save time and money through more feeding hundreds of passengers daily onto their domestic networks. seamless travel; U.S. airlines gain substantially more revenue by Over 300,000 Emirates passengers connect onto U.S. partner airlines selling additional tickets to more destinations; and U.S. communities annually. enjoy more connectivity with the world. Emirates signed partnership “Our partnership already connects 2,500 “We’re proud to do it customers a week to Emirates and we with Emirates, a fantastic expect that to increase as we streamline partner for JetBlue over the travel experience for customers the past years.” traveling between Alaska and Emirates.” Robin Hayes, Bradley Tilden, President and CEO, President and CEO, JetBlue Airways Alaska Airlines Emirates SkyCargo: trade bridges to the world that support American exports and American jobs In addition to the passenger-flight belly-hold cargo space, Emirates to markets quickly, whether it’s in the Middle East, Africa or Asia. SkyCargo’s U.S. all-cargo network includes 11 weekly freighter operations to Chicago, Columbus, Houston, Los Angeles and New York Every week, Emirates carries items such as auto parts out of New York JFK; as well as a weekly shared service with ASL to New York JFK. JFK, oil and gas equipment out of Houston, medical supplies out of Los Angeles and frozen meat from Chicago. In 2018, over 265 tonnes of In 2018, those flights from the U.S. have carried 128,000 tonnes of high aircraft parts were flown out of Seattle and 1,700 tonnes of lobster was value goods. These trade bridges ensure U.S. exporters can get goods flown from Boston. U.S. Open Skies: vital to protecting “…aviation forms and creating American jobs an essential part of U.S. Open Skies policy has generated enormous, decades-long the two countries’ economic benefits for the United States: for U.S. consumers, airlines, vibrant commercial and tourism, manufacturing, express companies, cargo carriers, exporters economic relations…” and hoteliers, just to name a few. A 2015 economic study by Brookings’ Clifford Winston and Washington State University’s Jia Yan found that “…reaffirmed their Open Skies agreements have generated at least $4 billion in annual strong support for benefits for travelers, including lowering fares by nearly 15 percent, and the Agreement… that negotiating more Open Skies agreements could bring an additional desire to maintain the $4 billion per year in traveler gains.
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