Dh110 billion in deals agreed on day 2 of Dubai Airshow

Following a slow opening day, orders at the Dubai Airshow flowed in thick and fast with deals worth almost $30 billion (Dh110.1 billion) were agreed on the second day on Monday.

Among those agreeing new purchases at the world’s fastest growing aerospace event were Boeing and Jet Airways, who signed a deal worth approximately $8 billion which will see the manufacturer build 75 new 737 MAX aircraft for the Indian carrier, a partner airline of Abu Dhabi’s Etihad.

Speaking upon the signing of the deal, Jet Airways Founder Naresh Goyal highlighted the need for new aircraft to service a growing customer base, with more than 30 million Indians now overseas and a domestic market predicted to grow to around 140 million passengers in the next ten years.

Elsewhere at the Dubai Airshow, the UAE Air Force unveiled a deal with Swedish aerospace firm Saab worth $1.27 billion. The deal will see the UAE purchase two new Global 6000 long-range surveillance aircraft, while a further two Saab 340 jets already in UAE ownership will undergo systems upgrades.

Meanwhile, UAE national carrier Etihad signed a Memorandum of Understanding with Abu Dhabi investment and development firm Mubadala worth a potential $1billion. The ten-year agreement covers a range of new contracts and would see Etihad appoint Mubadala’s SR Technics as its preferred service provider.

In addition, national carrier Emirates announced the signing of a $16 billion OnPointSM solution agreement with GE Aviation for the maintenance, repair and overhaul (MRO) of the GE9X engines that will power the airline’s fleet of 150 Boeing 777X aircraft over a period of 12 years.

This is Emirates’ largest single engine MRO contract to-date.

Follow Emirates 24|7 on Google News.