Dubai Airshow witnessed nearly US$30 billion in signed deals
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Recent research of the on-going Dubai Airshow revealed that just by the second day, nearly US$30 billion deals were signed.
The new purchases were Boeing and Jet Airways, who signed a deal worth approximately eight billion US dollars which will see the manufacturer build 75 new 737 MAX aircraft for the Indian carrier.
Jet Airways founder Naresh Goyal highlighted need for new aircraft to service a growing customer base, with more than 30 million Indians now overseas and a domestic market predicted to grow to around 140 million passengers in next ten years.
He said: “We work extremely well and very closely with Boeing and we would like to expand that relationship further. We believe now is the time to take that partnership to new heights.”
Ray Conner, president and CEO of Boeing Commercial Airplanes, further added: “This has been a strong partnership for over 20 years now, and it’s a partnership built on trust. These aircraft are the tool with which Jet Airways will compete in a very dynamic market and the 737 Max, we believe, is the right aircraft to enable them to do that.”
The other deals included UAE Air Force with Saab for US$1.27 billion. The deal will see the UAE purchase two new Global 6000 long-range surveillance aircraft, while a further two Saab 340 jets already in UAE ownership will undergo systems upgrades.
Etihad signed a memorandum of understanding with Abu Dhabi investment and development firm Mubadala worth one billion US dollars. The ten-year agreement covers a range of new contracts and would see Etihad appoint Mubadala’s SR Technics as its preferred service provider.
Emirates announced signing of a US$16 billion OnPointSM solution agreement with GE Aviation for maintenance, repair and overhaul (MRO) of the GE9X engines that will power the airline’s fleet of 150 Boeing 777X aircraft over a period of 12 years.
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