Wednesday, 11 December 2013

Dubai Airshow spending spree: how will it be financed? - bi-me.com

Dubai Airshow spending spree: how will it be financed? - Business Intelligence Middle East - bi-me.com - News, analysis, reports:

"The vast aircraft orders placed by airlines at November’s Dubai Airshow highlight the rapid growth of the Gulf region’s air carriers and represent a bold statement of intent regarding their future expansion plans.

Emirates placed orders with a combined list value of USD 99 billion (mostly Boeing 777x aircraft, along with 50 Airbus A380s), while Etihad also committed to a vast order of Boeing 777x and 787 aircraft (alone worth up to USD 25.2 billion at list prices), along with well over 100 Airbus A320neos, A330 freighters and A350s. Flydubai was also notably acquisitive, purchasing 111 Boeing 737, mostly 737 Max aircraft.

Qatar Airways, while perhaps a little more conservative, also purchased heavily, committing to up to 50 Boeing 777x aircraft and five Airbus A330 freighters. To put this in perspective, at the 2011 Dubai Airshow, Emirates’ USD 18 billion order for Boeing 777 aircraft was an all-time record for the manufacturer – just 2 years later that record has been made to look like a relatively small order."

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