Regional Airlines Place Big Orders at Dubai Air Show

Dubai: Dubai Air Show 2007 witnessed several major deals yesterday with one hundred aircraft for Dubai Aerospace Enterprise (DAE), 49 planes for Air Arabia and 22 aircraft for Saudi Airlines.
European airplane maker Airbus dealt a powerful blow to US rival Boeing Co. when it snatched a series of major orders, worth more than $49 billion at list prices at the show.
Saudi Arabian Airlines has signed a Memorandum of Understanding (MOU) for 22 Airbus A320 jets as part of the fleet modernization plans, with an allowance to raise the order by eight.
DAE Capital, the aircraft leasing and financing division of Dubai Aerospace Enterprise (DAE), has signed a memorandum of understanding to buy 100 aircraft from Airbus. The order is for 70 A320 Family and 30 A350 XWB Family aircraft. It has signed a total $13.5 billion letter of intent with Airbus for the purchase.
DAE also signed a letter of intent for the purchase of 100 aircraft valued at approximately $13.7 billion with Boeing commercial airplane company.
The price incorporates an associated deal with General Electric (GE) for 70 CFM56-7B engines for the 737s, GEnx-engines to power five Boeing 747-8 Intercontinental and further GE90-115B engines to power 10 Boeing 777-300ER aircraft. The engines are together valued at more than $1.9 billion of the $13.7billion.
13/11/07 Middle East North Africa Financial Network, Jordan

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Categories: Dubai Airshow 2007, Foreign Nov 2007