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Airlines go on jaw-dropping buy spree at Dubai Airshow

November 21, 2013 Aviation, Headline News No Comments Email Email

egtmedia59Massive orders of aircraft and stupendous spending had been predicted at the 2013 Dubai Airshow and the event did not disappoint. Aircraft orders are reported to have exceeded USD 192.3 billion on the first day.

Within three hours of opening, the show’s order tally reached USD 162.6 billion – surpassing its previous record of USD 155 billion record set in 2007 – with deals coming from Etihad Airways, Emirates Airline, flydubai and Qatar Airways.HotelStylish250x250

As Gulf Business put it: “Emirates maintained its fervour for jaw-dropping first day Dubai Airshow deals by announcing USD 99 billion worth of orders that will have delighted Boeing and Airbus.”

Emirates, as anticipated, ordered 150 B777Xs, comprising 115 B777-9Xs and 35 B777-8Xs, Half an hour later, it announced a USD 23 billion order for an additional 50 A380s. You have to pause here for a second or two and imagine the sight of 50 A380s.

The show’s opening order salvo came from Abu Dhabi-based Etihad Airways which announced a deal for 56 new Boeing 777s valued at USD 25.2 billion at list prices, including related GE engines. The deal also sees Etihad become the launch customer for the 777-8X which is expected to enter service around the end of this decade.

The airline also ordered 30 Boeing 787-10 Dreamliners, making Etihad the largest customer for the pioneering composite aircraft.

“We rarely make announcements at air shows, but when we do the world listens,” said James Hogan, president and chief executive of Etihad Airways.

Dubai-headquartered Emirates Airline rapidly re-wrote the Dubai Airshow record with its USD 99 billion purchase of Boeing and Airbus planes – which industry experts dubbed the largest-ever aircraft order in civil aviation.

The Emirates headline deal was for 150 Boeing 777X- officially launched the show today; plus 50 purchase rights, and an additional 50 Airbus A380s, as mentioned – of which Emirates is currently the largest fleet operator.

Low-cost airline FlyDubai weighed in with a USD 11.4 billion order for 111 Boeing 737s and 738s, and then Qatar Airways topped off the morning’s historic agreements with the signing of a USD 19 billion letter of intent for 54 Boeing 777s.

The show runs at Dubai World Central until this Thursday, 21 November 2013,

Edited by : Peter Needham

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