Gulf air spends $150 billion at Dubai Airshow, Airbus and Boeing launch new aircraft

Published on : Monday, November 18, 2013

Dubai-Airshow (1)On the first day of the Dubai Airshow, the gulf air has planned on new plane deals $150 billion. This step was taken to boost the formal launch of both the Airbus’s A380 superjumbo and the Boeing’s newest jet.

The new 645,000 square meter venue, built to showcase the Middle East’s largest aviation hub and take on the industry’s traditional showcase events in Britain and France was a sight worth watching. The first families of Dubai and Abu Dabi toured passenger jets and arms pavilions looking at the jets.

Dubai-based Emirates led the buying spree with an order for 150 of Boeing’s new 777 mini-jumbo, in a deal worth $76 billion at list prices. It also ordered 50 Airbus A380s, the world’s biggest passenger plane, worth $23 billion.

With demand from other Gulf carriers including Etihad Airways and Qatar Airways,Boeing announced commitments for a total of 259 of the new 777 jet, previously codenamed 777X, worth about $100 billion at list prices – the largest combined order in its history .

Gulf airlines are becoming popular in the strategic location between East and West. With the recession hit European airlines strapped for cash the growth of the gulf airlines is proving to be highly profitable for Airbus and Boeing.

The revamped 777 marks a new front in the battle between the two aircraft manufacturers that dominate the civil aviation industry. Boeing’s new plane is aimed at heading off competition from the largest version of Airbus’s A350 in the mini-jumbo market that drives growth and connectivity between continents.

Boeing pledged not to let a dispute with Seattle assembly workers over where the new 777 should be built interfere with its launch, which kicked off the November 17-21 Dubai show.

The U.S. group is looking for a home for the new jet after members of the International Association of Machinists rejected a proposed contract that would have seen Boeing commit to keeping the latest member of the 777 series near Seattle in exchange for restructured benefits.

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