Flying into the Future: Giant Deals Sweep Through Dubai Airshow 2013
A dust storm passed through Dubai on the first day of the Dubai Airshow 2013, and given the historic scope of deals announced, it was hard not to see the storm as a metaphor for the way Middle East airlines are sweeping through the global aviation industry.
Examples included the record-breaking orders placed by Emirates airlines, alongside huge orders from Etihad Airways and Qatar Airways. Among the deals was the GE Aviation and Emirates announcement of the largest-ever commercial jet engine order, with a list price of $11 billion and a total count of 300 GE9X engines to power 150 Boeing 777X.
Qatar Airways announced an order to expand its fleet with 50 Boeing 777X, powered by GE9X engines worth $3.8 billion at list prices. As well, Etihad announced an order for 56 Boeing jets to be powered by 127 GE9X, GEnx and GE90-115B engines, whose combined value was more than $3 billion at list prices.
Collectively, Emirates, Qatar Airways, and Etihad Airways ordered 450 of the new GE9X engines now under development for the new Boeing 777X. In all, GE Aviation received commitments for high-thrust jet engines and services totaling $26 billion at list prices.