Dubai-based international airline Emirates announced today that it has ordered five new Boeing 777 aircraft to support its existing fleet of cargo aircraft.

Emirates SkyCargo airline’s cargo division already has 11 of Boeing’s 777 aircraft, two of which were added earlier this year. The total value of the five newly ordered aircraft is more than US$1.7 billion.

Emirates Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said: “Emirates is investing in new cargo aircraft so we can continue to serve customer demand with the latest fuel-efficient aircraft.”

He added: “This order reflects Emirates’ confidence in air cargo demand and the growth of the aviation sector as a whole. It forms the basis for our continued growth, driven by the reach of our diverse global network, the advanced handling infrastructure at our Dubai hub and the bespoke transport solutions Emirates has developed to meet the diverse needs of our customers.”

That sentiment is shared by Stan Deal, President and Chief Executive of Boeing Commercial Airplanes, who said: “Adding these additional fuel-efficient 777 Freighters to the Emirates fleet will allow the airline to meet its growing demand in the cargo market and To transport goods quickly and efficiently from origin to destination in the Middle East and around the world.”