Fleet developments[edit]
During the Farnborough Air Show in July 2006, Emirates signed a Heads of Agreement for 10 of Boeing 747-8F aircraft, to be powered by General Electric's GEnx jet engines, in a deal worth US$3.3 billion.[13] In July 2008, EK sold these 10 frames to Dubai Aerospace Enterprises and agreed to lease them back.[23] In November 2011, DAE cancelled five of the 747-8 freighters and converted them to 777 Freighters.,[24] in December 2012, DAE cancelled the remaining five 747-8F, with Emirates SkyCargo having decided to focus its fleet on the 777F only.