Deals in Dubai
“Aircraft orders at the Dubai Airshow soared past $200 billion Tuesday,” USA Today announced on the third day of the event, while noting that “the whopping total…is more than the gross domestic product of New Zealand.”
Boeing, headquartered in Chicago, Ill., and Airbus in Toulouse, France—the world’s two largest commercial airframe manufacturers—accounted for approximately $179 billion in combined orders. Orders placed with Bombardier Aerospace in Montreal, Quebec, topped off the collective order book, pushing the total past $200 billion.
The impressive, multi-billion-dollar aircraft deals came from Middle Eastern commercial airlines, including Etihad Airways, Emirates, flydubai, and Qatar Airways. In fact, Emirates placed the single largest Airbus order by value at the Dubai Airshow: 50 additional A380s worth $20 billion.
“The order intake at the airshow, by value our biggest ever Dubai, is a clear evidence that the Middle East region is investing in the most modern and efficient aircraft to capture this growth,”
Airbus Chief Operating Officer (CEO) John Leahy explained. “With its central position geographically, its strong economic growth and population centers just a flight away, Middle Eastern carriers stand to reap the benefits of traffic growth.”
“International traffic growth in the Middle East continues to outpace the rest of the world.
The Gulf region benefits from a unique geographic position that enables one-stop connectivity between Europe, Africa, Asia, and Australia,” affirms Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes. “Over the last decade, we’ve seen a rise in low-cost carriers that have benefitted from a large youthful population, large migrant workforce and trends toward market liberalization.”
This geek is encouraged to see the Middle East North Africa (MENA) region taking off.
Posted November 27th, 2013, by J VanDomelen
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