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Thu 16 Nov 2017 10:55 AM

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Record $76.5bn in aircraft sold in single day at Dubai Airshow

Airbus upstages Boeing with US$49.5bn mega deal with Indigo Aircraft

Record $76.5bn in aircraft sold in single day at Dubai Airshow
Sheikh Ahmed, chairman flydubai and Kevin McAllister, Boeing Commercial Airplanes President & Chief Executive, pictured at the signing of the Dubai carrier's order for 175 Boeing 737 Max.

On the fourth day of the Dubai Airshow leading plane-makers Airbus and Boeing struck huge purchase orders that broke a number of aerospace industry records, on Wednesday.

Stealing the spotlight, Airbus revealed a $49.5bn deal with Phoenix-based Indigo Partners to purchase 430 aircraft in its A320neo family, the biggest commercial plane transaction in Airbus’ history.

The announcement provided a huge public boost for the Frenchaircraft manufacturer, who lost a $15.1bn deal with Emirates to US plane-makers Boeing for 40 787 Dreamliners on Sunday, a headline deal on the first day of the airshow.

Also on Wednesday, Boeing signed a $27bn deal with UAE carrier flydubai for 225 aircraft in its 737 MAX family. The deal was noted as the largest single-aisle jet order by number of airplanes and total value by any Middle East carrier.

Director of organisers, at Dubai Airshow Michele van Akelijen,  said the deals show that the air show is where global industry comes to do business.

“These deals are certainly breath-taking in their scope and size. The rapidly growing aviation sector here in Dubai supports more than a quarter of a million jobs and contributes more than US$22bn to the local economy – or 19 percent of total employment in Dubai, and 28 percent of the city’s GDP. These figures will continue to grow given all the business we are seeing this week,” van Akelijen said.

Following in the footsteps of the day’s big announcements, the UAE Ministry of Defence also announced a US$250m purchase deal for five Airbus CN295 tactical airlifter aircraft.

Both Airbus and Boeing also closed leasing deals with EgyptAir and leasing company AerCap for 15 Airbus A320neo aircraft to the north African carrier, for delivery in 2020.

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