The Dubai Air Show 2017 witnessed some of the game-changing deals being signed. Majority of the deals were won by Boeing and Airbus Group EADSY — the two dominating players in the global manufacturing market for commercial aircraft. On the other hand, stocks like General Dynamics Corp. GD and Orbital ATK, Inc. OA exhibited their new designs.
Boeing sealed a deal worth $15.1 billion for delivering 40 787-10 Dreamliners to Emirates airline, on the very first day of the show. The company clinched another significant deal worth $27 billion for delivering 225 737 MAX airplanes to flydubai airlines. This marked the largest-ever single-aisle jet order for Boeing, from a Middle East carrier.
Apart from these two orders, Boeing received an order from the Kuwait-based ALAFCO Aviation Lease and Finance Company for supplying 20 additional 737 MAX 8s, valued at $2.2 billion. Additionally, the company secured an order for five more 787-8 Dreamliners and a commitment to purchase two large freighters, valued at $1.9 billion, from Azerbaijan Airlines. Further, the aerospace giant got a new customer, when Egyptair agreed to lease six Boeing 787-9 Dreamliners.
In terms of the defense and space businesses, the company unveiled its key capabilities including the CST-100 Starliner docking and KC-46 re-fueling simulators, apart from announcing services agreements at the event.
Airbus won the largest commercial jet order in its history when Indigo Partners agreed to buy its 430 aircraft in its A320neo family, for nearly $50 billion. With this order, Indigo Partners doubled its existing order of 427 A320 family aircraft.
Reference Middle East Business News