UAE's Etihad sets stage for $50 billion of jet deals from Gulf | Reuters:
"Etihad Airways is close to placing an order that could kick off a $50 billion (30.9 billion pounds) jet-buying spree from the Gulf as the region's carriers flex their muscles in an industry hit by weak margins and high fuel prices.
Taking advantage of deep pockets and a geographically strategic position between East and West, Gulf airlines are expanding rapidly and diverting long-haul traffic from airlines in Europe, the United States and parts of Asia.
Abu Dhabi-based airline Etihad is expected to buy dozens of Boeing Co (BA.N) jets, including the revamped 777X mini-jumbo and a repeat order for its 787 Dreamliner, sources familiar with the matter said on Monday."
'via Blog this'
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