Dubai - Big deals at airshow
Print Edition
Planemakers left Dubai with a record US$200 billion in deals after a desert rainstorm forced organisers to cancel the last day of its air show — an event that demonstrated their growing reliance on the Gulf to secure support for big jets.
A flurry of dealmaking gave Boeing the momentum it needed to launch its latest aircraft, known as the 777X, with some 250 orders worth US$100 billion.
Rival Airbus secured a much-needed boost for the A380 superjumbo after Emirates ordered 50 more and brought its share of orders for the world’s largest airliner to almost half.
Fighters and jetliners fled the oncoming storm, which flooded exhibition halls at Dubai’s brand-new Al Maktoum airport. To reach it, delegates had driven through sand dunes earmarked for rapid development into an aviation metropolis.
“This is the land of possibilities,” said aerospace analyst Richard Aboulafia, drawing a contrast with disputes over the development of a new runway at London’s Heathrow Airport.
The payback highlighted at the November 17-21 air show is that some Gulf states such as Abu Dhabi expect industrial investments in their own aerospace industries, heating up competition with Western suppliers.
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