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            september 18, 2019

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Boeing and Airbus recorded aircraft orders totalling US$200 billion


Boeing and Airbus recorded aircraft orders totalling US$200 billion including options from Middle Eastern carriers at the Dubai Airshow reflecting strong investment from the region.
American Boeing showcased its new long-range 777X aircraft resulting in agreements for 259 orders worth nearly US$100 billion at list prices from four customers in Europe and the Middle East. There were commitments from Lufthansa (34 planes), Ethihad (25), Qatar Airways (50) and Emirates (150).
This added to a burgeoning order list for 787-10 Dreamliners at 30 from Etihad Airways, its 100th customer order since it launched the wide-body aircraft, reported Atlanta area Air Cargo World.
Low-cost Middle East carrier, flydubai, snapped up the biggest order for Boeing's single-aisle plane purchase of one hundred 737 MAX 8s and 11 Next-Generation 737-800s valued at $110 billion.
Europe's Airbus also secured 160 orders and commitments. Emirates, took the single largest order by value for Airbus with 50 additional A380s. This was followed by Etihad Airways' single largest firm order of 87 aircraft: forty A350-900s, ten A350-1000s, twenty-six A321neos, ten A320neo and one A330-200F40.
Airbus' A330-200F recorded 14 orders and commitments of which five were firm orders from Qatar Airways Cargo, eight commitment and one firm from Etihad.
Airbus chief operating officer John Leahy said the region's investment is a sign of its growth and its status as a global hub. "With its central position geographically, its strong economic growth and population centres just a flight away, Middle Eastern carriers stand to reap the benefits of traffic growth," he said.
Tripoli-based startup Libyan announced its launch of its short-haul services early 2014 at the show with a deal for its fleet of seven airbus jets of which three were A350-900s and four A320neos.
Algeria's Air Algerie signed a MoU for three A330-200 passenger aircraft for its medium and long-haul routes from its Algeria hub.
US pilots' union are disgruntled that the sales to state-backed airlines in Dubai are being given unfair advantage. The subsiding of aircraft orders at rates not available to US airlines is a "staggering threat", said Airline Pilots Association (ALPA) president Lee Moak.
The US Export-Import Bank said that there is no finance for such orders and the interest rates set are by commercial banks, said its spokesman Phil Cogan.
Mr Cogan added that the financing of projects is often more costly than what qualified buyers can secure due to recent fee structure changes by the Organisation for Economic Cooperation & Development (OECD).

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