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DUBAI AIR HOW 2017
THE CENTRE OF GRAVITY of the commercial aviation world shifted
to Dubai for the latest air show coming just a few months before the
2018 edition of the Singapore Air Show. All eyes were on the UAE's
flag carrier Emirates which had been expected to announce it would
be adding A380s to its already 100-strong A380 fleet.
Emirates o icials said Airbus would have to commit to keeping the
A380 production line open for at least another 10 years something
Airbus appeared reluctant to do sending the Europeans home with
no big-jet orders. "The undertaking that Airbus will have to make if
we go ahead with a further order is that the plane will continue in
production for a period of minimum of 10 to 15 years " Emirates Airline
president Tim Clark said at Dubai. Emirates already has 42 A380s on
order and was expected to order 30 or more of the planes in a deal
that would have a list price of around US$15 billion before discounts.
Airbus --- and Boeing --- did manage to pull in more than US$75
billion in deals for smaller single-aisle aircraft that are becoming the
mainstays of low-cost carrier (LCC fleets from Mumbai to Mem-
phis to Milan. Airbus signed an initial deal for 430 A320 and A321
planes with private equity group Indigo Partners which has stakes
in some of the fastest-growing LCCs on three continents. The deal
with Indigo Partners is worth about US$49.5 billion at list prices
before customary discounts are included. The deal gives Airbus a
production backlog of five years or more.
Boeing announced a deal with Middle East budget carrier flydubai
for up to 225 of its 737 Max planes including the newest and largest
version the Max 10. The deal includes 175 firm commitments and
purchase rights for more Boeing said with a combined list price of
US$27 billion again before customary discounts are included. Boeing
also scored a goal with Emirates announcing it would spend US$15
billion to buy 40 787-10 Dreamliners that will start deliveries in 2022.
Both manufacturers are having to ramp up production of sin-
gle-aisle planes to meet the skyrocketing demand from LCCs
around the world. Both also say they are comfortable with their
production plans but others worry that suppliers to both producers
could fall behind in areas ranging from engines to interiors. Boeing
has said it will produce 564 of the 737 model per year and will
increase that by 60 aircraft over the next two years. Airbus plans
to raise production of the A320 and its variants to 690 in 2019 and
may go higher it said.
Both Airbus and Boeing also marked leasing deals with EgyptAir.
Leasing company AerCap will be providing 15 Airbus A320neo
aircraft to the North African carrier for delivery in 2020. AerCap is
also behind a leasing deal to provide EgyptAir with six Boeing 787-
9 Dreamliner aircraft which will start operating in 2019. AerCap is
the world's largest lessor of the Airbus A320neo and the largest
customer of the Boeing 787 with 116 on order and owned.
Other deals announced at the Dubai show include:
--- Boeing and Kazakhstan-based SCAT Airlines announced an
order for six 737 MAX 8s valued at US$674 million at current
list prices. The agreement also includes purchase rights for an
additional five 737 MAX 8s.
--- Bombardier announced a deal with EgyptAir for at least 12 of
the Canadian company's CS300 passenger jets worth more
than US$1 billion. The deal comes just after Airbus agreed to
buy a majority stake in the aircraft programme. EgyptAir has
signed a letter of intent for 12 CS300 aircraft and will take
options on a further 12. The two sides hope to finalise the deal
before the end of the year. If the options are exercised the deal
would be worth US$2.2 billion.
--- Dublin-based CDB Aviation Lease Finance announced a firm
order for 90 A320neo aircraft. The agreement was reached in
two steps: an original purchase agreement signed in 2014 for 45
A320neo aircraft and the firming up of the MOU signed at the
2017 Paris Air Show in June 2017 for an additional 30 A320neo
and 15 A321neo aircraft.
--- Air Arabia said it has signed a lease on six new Airbus A321neo
aircraft in a deal valued in excess of US$2.79 billion at current
list prices. The new aircraft will be leased on an eight-year deal
with US-based Air Lease Corporation. They will be added to the
Sharjah-based airline's existing fleet of 50 aircraft based out of
five regional hubs in the UAE's Ras Al Khaimah and Sharjah as
well as Morocco Egypt and Jordan.
--- Boeing and Kuwait's Aviation Lease and Finance Company
finalised an order for 20 additional 737 MAX 8s doubling their
order to 40 aircraft in a deal valued at US$2.2 billion at current
--- Boeing and Ethiopian Airlines announced an order for four
Boeing 777 Freighters in a deal valued at more than US$1.3
billion. The deal includes a new order for two freighters and
includes two freighters the airline announced as a commitment
in June that finalised into a firm order.
--- Boeing and Azerbaijan Airlines announced an order for five
more 787-8 Dreamliners and a commitment to purchase two
large freighters. The agreement is valued at about US$1.9 billion
at current list prices. The freighter commitment will be finalised
at a later time.
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