Airbus shopping spree
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Accordingto a report from The Times, Middle Eastern airlines are said to have orderedaircraft worth $24 billion yesterday.
Thissignifies the buying power of carriers from the East and the increasing marketcentered in Asia.
Theaircraft orders by Middle Eastern airlines became the highlight on the first dayof the ParisAir Show as the order was estimated to be $46 billion.
However,QatarAirways still has the largest single order for 80 new Airbus A350XWBs worthapproximately $16.4 billion at list prices.
Thiswill be worth $5.4 billion to Rolls-Royce, the Derby-based engine maker, beingthe sole supplier of engines to the A350.
Emirates,on the other hand will not be overlooked and is said to have surprised theaviation industry by placing an order for eight more A380 superjumbos,increasing its current fleet of 550-seat aircraft to 55.
Thismakes up a third of all the orders successfully acquired for the A380.
The$2.4 billion deal will Emirates significant capacity will ‘allow it to operateA380s from Dubai to Heathrow and New York in one direction and Sydneyand Shanghai inthe other’.
Theincrease in aircraft spend is claimed to be due to the respective government’ssolid support by using the countries’ oil wealth to focus on developing theiraerospace industry.
MiddleEast also serves as a convenient hub between Europe, Africa, Asia andAustralasia and air traffic is projected to grow between 6 to 8 per cent perannum over 20 years as Middle East and Asia flights become more competitive,cheaper and more people have disposable incomes.
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