Dubai airshow seals orders in excess of $100 billion

Dubai: The Dubai Airshow 2007 closed yesterday with declared on-site orders exceeding Dh365 billion ($100 billion) — a phenomenal five-fold increase compared to the 2005 edition.
The on-site order sales tally at the previous show was $21.3 billion, which was the highest in the event's history.
Yesterday, as the curtain came down on what is described as the bumper 10th edition of the world's third largest airshow, European aircraft-maker Airbus emerged as a clear winner, outpacing its transatlantic rival Boeing by a huge margin by snapping up 292 aircraft orders.
As a parting shot, Emirates airline, which along with Dubai Aerospace Enterprise accounted for bulk of the orders at the show, placed one of the world's largest ever orders valued at $8.8 million for a Cabin Service Trainer installation. The Dubai-based airline, which has gone into the record books by placing the largest single-day aircraft orders valued at $35 billion, ordered 120 Airbus A350s, 11 A380s and 12 Boeing 777-300ERs on the opening day. The following days witnessed two landmark deals valued at more than $27 billion placed by DAE Capital, the aircraft leasing subsidiary of Dubai Aerospace Enterprise, for 100 Boeing and 100 Airbus aircraft.
Other Gulf carriers that have placed orders at the show include Qatar Airways, Saudi Arabian Airlines and Air Arabia.
By the close of the final day of Dubai 2007, the total value of firm orders and letters of intent received by Airbus was $43.1 billion in comparison with Boeing's 55 firm orders valued at $10.6 billion and a letter of intent from DAE Capital to buy 100 aircraft valued at $13.7 billion, including 70 medium-haul 737s, taking Boeing's orders to $24.3 billion.
Organisers of the show claimed that the record $100 billion orders, achieved across a vast array of aerospace products, was highest ever for any global aviation event.
16/11/07 Issac John/Khaleej Times, United Arab Emirates

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Categories: Dubai Airshow 2007, Foreign Nov 2007