UAE deals to steal British airshow

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By Abdul Basit and T. Ramavarman  www.khaleejtimes.com

Emirates airline is set to make a major announcement on orders worth billions of dollars as the 47th biennial airshow spectacular takes to  the skies at the famous Farnborough Aerodrome, near London.

Emirates’ latest aircraft order would come close on the heels of a $11 billion mega deal it placed for 32 Airbus A380 superjumbo jets at last month’s Paris airshow.

Other carriers from the Middle East countries will also be dominating the show, which is scheduled to run till July 25 with a line-up of more than 1,000 exhibitors from 38 countries, aviation analysts said.

Aviation sources estimate Emirates’ order for 20 Boeing 777 wide-body jets would be worth $5 billion at list prices. However, the airline did not give specific details as it chose to keep the suspense till Monday.

“Emirates will be announcing new aircraft orders at the Farnborough Airshow. Details of the order, including the number of aircraft and the manufacturer, will be disclosed at the show,” an Emirates spokesperson told Khaleej Times on Sunday. A news conference will be held at the airshow at 1:30pm UAE time on Monday and details will be issued by the airline in Dubai soon after the conference, the spokesperson said.

Emirates and the Chicago-based plane maker Boeing Company will announce an order for about 20 777 wide-body jets on Monday, people familiar with the deal told Bloomberg on condition of anonymity because the agreement has not yet been announced.

The Wall Street Journal reported the Emirates order will be for 30 Boeing 777 jets worth $7 billion.

Last month, His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said Emirates airline would place orders for more planes at the Farnborough Air Show in July to meet the fast growing travel demand. Shaikh Mohammed said Dubai Airport’s continued expansion, in addition to large growth in passenger numbers and tourism, prompt the airline to invest in more aircraft.

Emirates also placed an order last month for 32 Airbus SAS A380 superjumbo jets, valued at $11 billion, as it seeks to expand its position as the world’s largest international airline, funnelling passengers through its Dubai base.

abdulbasit@khaleejtimes.com ,ramavarman@khaleejtimes.com

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