Dubai Air Show Ends | $114 Billion Worth Contracts Signed
DUBAI: This year’s Dubai Air Show saw aircraft manufacturers such as Airbus and Boeing booking $113.8 billion in orders, a very spectacular end for the both big companies. The impressive figures are nearly three times the $37.2 billion in orders signed in 2015.
The total tally included mega deals from Emirates and flydubai, which announced orders worth $15 billion and $27 billion respectively for Boeing aircraft as both carriers chart their growth plans for the next decade.
The 2017 tally, though, still doesn’t match the more than $200 billion worth of deals in 2013.
But for all the deals signed at the show over the past week, perhaps the most significant was the one that never came to fruition.
After five days at the air show, Airbus and Emirates failed to conclude a potential deal for new A380 orders. A deal between the two was one of the most highly-anticipated events of the show amid questions about the future of the European plane maker’s A380 programme.
“It wasn’t a sure thing that an [A380] order would be concluded. Both sides want to do it, but Emirates needs to feel secure in the future production of the aircraft, and it is Airbus’s challenge as to how to provide this certainty,” aviation expert Strickland said.
During the show, Tim Clark, president of Emirates, urged Airbus to commit to the future of the manufacturer’s A380 programme, and asked for guarantees that Airbus will keep producing the superjumbo for at least 10 years.
Airbus came out of the air show with $58.3 billion in new business, and received commitments for a total of 502 commercial aircraft, an Airbus spokesperson confirmed. This included the largest commercial plane order in Airbus’ history: an order from Indigo Partners for 430 aircraft worth nearly $50 billion.
The deal came as Airbus rival Boeing was almost emerging as the winner at the show after it announced an order worth $15 billion for 40 of its 787-10 aircraft from Emirates.
Boeing said it secured total commitments for 302 aircraft, including 50 options, with a value of about $50.7 billion at list prices during the air show.
The US manufacturer won orders both for commercial and defence aircraft, including an order just hours before the show ended with Kazakhstan-based SCAT Airlines for six 737 MAX 8s valued at $674 million.
“This has been a very successful show for Boeing. We signed agreements with key airline partners including Emirates, flydubai, Azerbaijan Airlines, Alafco, and Ethiopian Airlines. In addition, Egyptair became a new customer for the 787,” said Bernard Dunn, president of Boeing Middle East, North Africa and Turkey.
The Organisers of the air show said on Thursday the event drew over 79,000 trade visitors, up around 20 per cent over the 2015 version of the event.