Dubai Airshow: Day of Record $90B Deals Forged

18 November, 2017, 02:05 | Author: Kim Reid
  • Dubai Airshow: Day of Record $90B Deals Forged

As the doors close on another record-breaking Dubai Airshow, exhibitors are rushing to close deals and re-book for the next edition of the biennial event, in 2019.

"Our variety of conferences - the Space Pavilion and Conference, the UAV Summit, the Cargo Zone conference and Pavilion, Airport Solutions Dubai Conference and Pavilion, and the Gulf Aviation Training Event - underline our commitment to making the Airshow a centre of global thought leadership".

The sheer size of the deal has caught many in the aviation industry by surprise.

Strata, a subsidiary of Abu Dhabi's government-controlled, finalized a joint venture contract with Belgian chemicals producer Solvay to manufacture material for Boeing in a new 8,500-square-meter facility in Al Ain in the southwest of the UAE. "We aim to help generate the creative knowledge-sharing environment the industry needs in order to thrive".

Community support in Seminole Heights grows amid murder investigation
Tampa Police Chief Brian Dugan believes that the suspect is a resident of the Seminole Heights neighborhood. He was wearing all black and a black baseball cap and armed with a large black pistol, police said.

Leahy, a smooth-talking New Yorker, became a famous thorn in the side of Boeing and other Airbus rivals during his more than 20 years in the job.

Meanwhile US-headquartered Parker Aerospace's spokesperson Elizabeth Butterfield said their show had focussed on consolidating existing relationships across the region.

"This airplane order will provide Ethiopian's Cargo & Logistics business with enhanced cargo capacity and better operating economics as we continue to build one of the largest cargo terminals in the world", said Tewolde GebreMariam, Group CEO of Ethiopian Airlines.

The Airshow was marked by game-changing deals from start to finish.

Google Doodle celebrates India's first female lawyer Cornelia Sorabjee's 151st birth anniversary
Though she entered the pleas, she was not allowed to defend them in court as the law then prohibited women from practising. Law - a profession that is dominated by men, women have gone ahead and broken that glass ceiling and taken things head on.

The first Airbus deal of the day was for the supply of 430 medium-range A320 family of aircraft to USA investment firm Indigo Partners.

Wednesday's flydubai-Boeing deal is the third aircraft order placed by the Dubai-based airline with Boeing in its eight-year history and follows orders placed in 2008 and 2013.

While European aircraft maker Airbus secured on Wednesday the biggest-ever single order in its history for 430 A320neos valued at $49.5 billion - besides firming up orders for 90 aircraft of the same family - its trans-Atlantic rival Boeing inked a landmark $27 billion deal with Dubai's low-priced carrier flydubai for 225 aircraft in its 737 Max family in what is billed as the largest-ever single-aisle jet order - by number of aeroplanes and total value - from a Middle East carrier.

On Wednesday morning, Bloomberg reported that Bill Franke of private equity firm Indigo Partners signed the preliminary order with Airbus to buy 430 planes comprising of 273 A320neos and 157 A321neos. The fund owns four ultra-low cost airlines, amongst which the new fleet will be shared as follows: Wizz Air (Hungary) 72 A320neo, 74 A321neo; Frontier Airlines (USA) 100 A320neo, 34 A321neo; JetSMART (Chile) 56 A320neo, 14 A321neo, and Volaris (Mexico) 46 A320neo, 34 A321neo.

Destiny 2 Curse of Osiris DLC reveal: Raid Lair, story info
Eater of Worlds will be shorter than vanilla Leviathan, but will have more challenging encounters and new puzzles to solves. For the uninitiated, Osiris is Ikora's mentor as well as the namesake for the Trials of Osiris Crucible event.


  • World's biggest wealth fund wants out of oil and gas

    World's biggest wealth fund wants out of oil and gas

    It invests Norway's revenues from oil and gas production for future generations in stocks, bonds and real estate overseas . The Stoxx Europe 600 Oil and Gas index reversed gains after the announcement, sliding 0.3% as of 3:47 London.
    Google adds salaries to its job search tool

    Google adds salaries to its job search tool

    If the job is posted in multiple sites job seekers will be able to apply for it through their preferred site. That's a handy feature, but Google is also rounding out this service with a couple of extra options.
    Washington Nationals Pitcher Max Scherzer Wins Second Straight Cy Young

    Washington Nationals Pitcher Max Scherzer Wins Second Straight Cy Young

    En route to his second Cy Young Award in four years , Kluber was phenomenal in helping lead the Indians back to the playoffs. Scherzer was 16-4 with a 2.51 ERA, second best in the league, this season, and he led the NL in strikeouts with 268.
  • Koch brothers back Meredith bid to buy Time

    Koch brothers back Meredith bid to buy Time

    The two companies were in talks earlier this year, but couldn't agree to terms back in April. Wichita-based Koch Industries operates oil refineries in several states.
    S.Africa eye 2023 prize as bitter battle ends

    S.Africa eye 2023 prize as bitter battle ends

    Coming after an expected dip in revenues from the 2019 tournament in Japan, that extra funding appeared to make an irresistible case for some voters.

    Aircraft Carrier Groups Take Part in Joint US- S. Korean Maritime Drills

    The exercise involves three USA aircraft carrier groups, making it the largest show of force in a decade. Seven South Korean navy vessels will take part in the exercises, including two Aegis ships.
  • 'Lord of the Rings' TV Series in the Works at Amazon!

    'Lord of the Rings' TV Series in the Works at Amazon!

    Amazon has acquired the USA and global rights to develop, produce, and air a television show based on J.R.R. Everybody wants a big hit and certainly that's the show of the moment in terms of being a model for a hit.
    Year Old Beats Face ID on Mom's iPhone X

    Year Old Beats Face ID on Mom's iPhone X

    Face ID uses artificial intelligence to distinguish real faces from images, videos or masks, but it "learns" a face over time. However, recently a Vietnamese security firm said that it successfully managed to thwart the Face ID using a mask.
    Australia says yes to same-sex marriage in historic postal survey

    Australia says yes to same-sex marriage in historic postal survey

    It's been a controversial process, with accusations of ballot-stuffing, homophobic slurs and violence against MPs. There are only two weeks of Parliament sitting dates before the Christmas break.
  • Moody's praises government reforms, expects 6.7% GDP growth this fiscal

    Moody's praises government reforms, expects 6.7% GDP growth this fiscal

    Jaitley reiterated the government's commitment to structural reforms and said fiscal prudence will be maintained. The Narendra Modi government has just received a pat on the back from a heavyweight-credit rating agency Moody'.
    Here's Everything That's New on the OnePlus 5T and OxygenOS

    Here's Everything That's New on the OnePlus 5T and OxygenOS

    There are some interesting new features on the software side, like a new face unlock mode that is super interesting to use. OnePlus pushes you on set up to use its new font "OnePlus Slate" which is toying with a comic sans vibe at times.
    ESOcast 137 Light: Temperate Planet Orbiting Quiet Red Dwarf (4K UHD)

    ESOcast 137 Light: Temperate Planet Orbiting Quiet Red Dwarf (4K UHD)

    While the exact age of the star isn't known, the team of researchers estimate that Ross 128 is about five billion years old. Ross 128b orbits its host star once every 9.9 days and is 20 times closer to its host star than Earth is to the sun .


'Very disappointed' United Nations chief urges Saudis to lift Yemen blockade
It said Monday the coalition would lift the blockade after widespread worldwide criticism. Yemen was the Arab world's poorest country even before the conflict began.

Selena Gomez kisses Justin Bieber at his hockey game
In other words, she's still figuring out if things are "quiet" for The Weeknd or if he's a homeboy who can, like, get it . "I don't think it'll become serious, but I'm sure she's happy to spend time with him while they're in the same city".

'F--- TRUMP' truck driver has been arrested
California , the high court overturned the conviction of a man who wore a jacket in a courtroom with the words "F*** the draft". Fonseca says the decal, which she had custom made 11 months ago for $25, speaks for many.

Trump taps ex-pharma executive Azar as USA health secretary
There are 2 comments on the Reuters story from Monday, titled Trump to tap ex-pharma executive Azar as usa health secretary. Trump made the announcement on Twitter, saying Azar "will be a star for better healthcare and lower drug prices".

Rotten Tomatoes Holds Justice League Score… and Reviews
Conversely, if a score is rotten, the delay could prove a blessing. "But it's certainly hard to ignore". At one point, the score was accidentally leaked online and it was 48-percent, according to Slashfilm .

British inflation steadies at five-year high in October
Higher inflation was also noted in protein rich items like oils and fats, eggs, and milk (and its products). Crucial services such as education, healthcare, personal care, etc have seen an inflation of 3.48 per cent.

Android Oreo will soon save some storage space due to inactive apps
To put that into perspective, over 50% of all iOS devices have already been updated to iOS 11 less than two months after launch. Last year's version, Android 7.0/7.1 Nougat, is building up a head of steam in its efforts to overtake Android 6 Marshmallow.

Thanks To A Backdoor, Hackers May Get Root Access To OnePlus Phones
If it's there, anyone with physical access to your device can exploit EngineerMode to gain root access on your smartphone. Following the allegations, OnePlus took some steps, and added the new "opt-in" option for the user experience program.

Russia Used Video Game Screenshots to "Prove" the US Is Assisting ISIS
In the corner of the image, however, a few letters of the developer's disclaimer can still be seen: "Development footage. It later reposted the same statement with different images.

Sessions: 'Always told the truth' regarding Russian Federation contacts
Sessions testified that he now remembers the meeting Papadopoulos, but his memory about conversations is limited. Testimony before Congress has proved to be something of a thorn in Sessions's side.