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.

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Posted November 27th, 2013, by

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About J. VanDomelen Mil/Aero Blog

J. VanDomelen holds a Bachelor of Science in Information Systems and myriad certifications from Microsoft, Cisco, and CompTia in varying facets of computer software, hardware, and network design and implementation. He has worked in the electronics industry for more than 12 years in varied fields, including advanced systems design of highly technical military and aerospace computer systems, semiconductor manufacturing, open source software development, hardware design, and rapid prototyping. J. VanDomelen Mil/Aero Blog

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Commented on November 27, 2013 at 10:59 am
By Airways in the Middle East « J. VanDomelen Mil/Aero Blog

[...] the Dubai Airshow this month, Abu Dhabi-based Etihad Airways entered into a deal for 56 new Boeing 777 airliners valued at $25.2 billion at list prices, [...]

Commented on December 30, 2013 at 6:50 pm
By Eyes on the East « J. VanDomelen Mil/Aero Blog

[...] A major theme of the military and aerospace (mil/aero) market in 2013 is globalization. Attentions in the U.S. and Europe, where mil/aero budgets are tight, are turning to emerging markets—and two of the strongest growth areas are Asia-Pacific and the Middle East. [...]

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