Dubai Airshow: the second day of deals
Dubai Airshow 2017
The Dubai Airshow 2017 opened with a bang, with $17 billion in aircraft deals reached in the first four hours. More modest in terms of dollars, the second day still saw a number of important deals for Airbus, Boeing and Bombardier, as well as other aerospace OEMs.
The UAE Ministry of Defense also deals worth over $891.5 million with eight individual companies, securing a range of logistical, technical support, aircraft hiring and telecommunications services. The list of deals also included a $120 million purchase of P-3 bombs from Tawazun Dynamics LL, to be prepared for use on Mirage 9-2000 and Black Hawk aircraft.
Elsewhere, Boeing and Kuwait’s Aviation Lease and Finance Company (ALAFCO) finalised an order for 20 additional 737 MAX 8s, doubling their order to 40 aircraft in a deal valued at $2.2 billion at current list prices. Meanwhile, Kuwait’s Directorate General of Civil Aviation (DGCA) and General Civil Aviation Authority (GCAA) endorsed a memorandum of understanding aimed at sharing experience and expertise to further develop cooperation on boosting performance. It was signed in the presence of GCAA Chairman Saif Al-Suwaidi and DGCA President Sheikh Salman Sabah Salem Al-Hmoud Al-Sabah.
Abu Dhabi-based investment company, Mubadala, signed a Memorandum of Understanding with Honeywell International to bring a suite of maintenance, repair and operations products to the Middle East. The MoU was signed by Badr Al Olama, Director of Aerospace at Mubadala, and Randy Anderson, President, Aerospace, Europe, Middle East, Africa and India at Honeywell.
Airships Arabia signed a partnership with Skyship Services and its leasing affiliate Airship Management Limited for the operation of a Skyship 600 within the GCC, while regulations are developed in the UAE to enable Airships Arabia to apply for its own Air Operator’s Certificate (AOC). Discussions with the GCAA and the DCAA are in progress, but it is anticipated that the airship will be flying in Dubai in the first quarter of 2018.
“We’ve seen a great and wide-ranging series of deals being done over the past 48 hours, with many more to come over the course of what is proving to be the biggest and most diverse Dubai Airshow to date,” said Michele van Akelijen, Managing Director of organisers Tarsus F&E LLC Middle East. “It’s great to see so many new business partnerships being formed and we look forward to seeing a host of further developments across the aerospace industry in the coming days”.