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Boeing takes $100 billion in orders from Gulf

November 18, 2013 • Business


Emirati visitors talk in front of an Emirates Airbus A380 on display during the opening day of the Dubai Airshow in Dubai, United Arab Emirates, Sunday Nov. 17, 2013. The Dubai Airshow is seen as an increasingly important barometer on the state of the industry and the rising roles of the big-spending Gulf carriers Etihad, Qatar Airways and Emirates as they compete for routes and critical stopover traffic between Asia and Europe and the Americas. (AP Photo/Kamran Jebreili)

DUBAI, United Arab Emirates (AP) — U.S.-based Boeing Co. dominated on the first day of the Dubai Airshow, netting $100 billion in orders at an event that showcased the spending power and aggressive expansion efforts of the Middle East’s Gulf Arab carriers.

The 342 orders represented more than twice the value of those seen by European rival Airbus, who said it took 142 orders worth some $40 billion.

The massive commitments came from just four carriers in the tiny nations of Qatar and the United Arab Emirates, which are in a race to create more jobs for their own citizens and diversify their oil-dependent economies.

“In recent years, much of the action in global aviation has shifted to the Middle East because countries like the U.A.E. and Qatar have tapped into our geographical advantage to build a new air transport connection for the world,” Sheikh Ahmed bin Saeed Al Maktoum, chairman of Emirates and the smaller flydubai, Login to read more

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