Dubai Airshow sets global order record

0
630
Spread the love

Dubai Airshow sets global order record, with total orders reaching over $162bn within 3 hours of opening

Dubai World Central – Next generation aerospace hub delivers multi-billion dollar

emirates a380 dubai airshow
Emirates A380 on static display during Dubai Airshow. The Middle East’s biggest aviation event set off with billion dollar mega deals, rewriting previous records. Photo-Arabian Gazette

Dubai Airshow – the world’s fastest growing aerospace exhibition – which opened yesterday for the first time at Dubai World Central, the vast aerotropolis in Jebel Ali – and immediately wrote itself into Airshow history with a record breaking order book.

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

The opening order salvo came from Abu Dhabi-based Etihad Airways which announced a deal for 56 new Boeing 777s valued at US$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 CEO, Etihad Airways.

Meanwhile, Dubai-headquartered Emirates Airline rapidly re-wrote the Dubai Airshow record with news of a US$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 A380 superjumbos – of which Emirates is currently the largest fleet operator.

The Emirates deal, which was signed by Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group and the Presidents of both Boeing and Airbus, was witnessed by Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the United Arab Emirates, and Ruler of Dubai.

Low-cost airline FlyDubai weighed in with a US$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 US$19 billion letter of intent for 54 Boeing 777s.

The Dubai Airshow venue is a massive 645,000 square metres site, which includes a single 42,870 square metres exhibition hall – about the size of seven American football fields – and a third bigger than the three halls in the show’s previous Dubai Airport Expo home. Some 1,055 exhibitors from 60 countries are taking part in the show which is expected to draw a trade visitor intake of 60,000.

Dubai Airshow organisers, F&E Aerospace, is jubilant about its history-making event. Sharief Fahmy, the company’s Chief Executive said:

“Well it may have been yet another opening, but it certainly is not just another show. This has been an extraordinary opening morning for an event that has gone beyond expectations.

“If there was anyone left in the aerospace industry who had not recognised the undeniable importance of this region, this morning removed all doubt. We are in the centre of a region with the world’s fastest-growing aviation infrastructure, fastest-growing airlines and a region where security commitments are in focus.”

Facebook Comments