By Marcus Leach

Emirates Airlines have confirmed that have ordered 50 long-range Boeing 777 passenger aircraft, an order that amounts to $18 billion (£11.2 billion).

The Dubai-based company have said that it is the single largest dollar-value order for Boeing aircraft.

"This order represents a milestone," chairman and chief executive, Sheikh Ahmed bin Saeed al-Maktoum said after announcing the contract at the Dubai Airshow.

With this order Emirates now have orders for 90 long-range aircraft, confirming their position in the market as one of the fastest growing carriers.

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