US$42 BILLION ORDER BOOK FOR DUBAI AIRSHOW BY DAY 3!

US$42 BILLION ORDER BOOK FOR DUBAI AIRSHOW BY DAY 3!

Two more days of orders expected

Dubai, UAE. 15 November 2011 – The third day of the Dubai Airshow saw companies continue their buying spree, with some manufacturers reaping rewards and others disappointed, making it a busy and somewhat controversial day for the world’s press attending!

Aviation Capital Group (ACG), the US-based aircraft leasing company, signed an agreement with Airbus for 30 eco-efficient A320neo (new engine option) aircraft, valued at US$2.7 billion at list price. “Faced with increasing fuel prices and tough competition, we are seeing a stronger than ever demand from our customers for modern fuel-efficient aircraft such as the A320neo,” said Stephen Hannahs, CEO & GMD of ACG.

Airbus was not so fortunate in their contract negotiations with Qatar Airways for a predicted aircraft order, leaving the glory to Boeing, which clinched a deal with the Doha-based carrier for two Boeing 777 freighters, valued at US$560 million at list price.

Bombardier Aerospace and Turkey’s Atlasjet Havacilik A.S. have signed a Letter of Intent (LoI) to acquire 10 CS300 jetliners, with options for a further five. The firm order contract is valued at US$776 million, which could increase to US$1.18 billion if the options are converted to firm orders.

At another press briefing, PT Nusantara Turbin dan Propulsi (NTP) of Indonesia and Joint Stock Company (JSC) BEK Air Kazakstan announced a maintenance agreement worth US$13 million for the field service, repair and overhaul of TAY 650-15 engines for its Fokker 100 aircraft.

This year’s Dubai Airshow is the biggest yet, with nearly 55,000 trade visitors expected over the week.

Alison Weller, Managing Director of airshow organiser F&E Aerospace, said: “We have now reached an order book of US$42 billion, three times more than the tally of the last show in 2009. However, the day nor the Dubai Airshow is yet over and we anticipate more exciting announcements!”

The Dubai Airshow is organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and in co-operation with Dubai Civil Aviation Authority, Dubai Airports and the UAE Armed Forces.

Photo caption: At the Airbus signing, from left: John Feren, EVP ACG; Tom Enders, CEO Airbus; and Stephen Hannahs, CEO ACG.
2: At the Boeing signing, from left: Chet Fuller, SVP Bombardier; Guy Hachey, President & COO Bombardier; Murat Ersoy, Chairman Atlasjet; and Orhan Coskun, CEO Atlasjet.




About F&E Aerospace
F&E Aerospace is a division of F&E, one of the most influential names in the aerospace industry's events sector, and which launched the very first Dubai Airshow in 1989, in conjunction with Dubai Civil Aviation Authority, Dubai Airports and the UAE Armed Forces.
Covering all aerospace-related events in the F&E portfolio, F&E Aerospace has a long-standing relationship with the global aerospace industry, an in-depth knowledge of the market and a hard-earned reputation for delivering event excellence. F&E Aerospace maintains offices in Dubai and London.

Dubai Airshow, the 12th show in the series, takes place from 13 to 17 November 2011 at Dubai’s Airport Expo. The 2009 edition of the biennial show drew 890 exhibitors from 47 countries and almost 53,000 industry professionals from 138 countries. www.dubaiairshow.aero
The Gulf Aviation Training Event (GATE), from 14 to 15 November 2011, is a conference running during the Dubai Airshow at Dubai’s Airport Expo. Dedicated to the growing regional demand for civil aviation training, recruitment and simulation, GATE also features a pavilion within the airshow exhibition halls to showcase companies providing flight training products and services. www.gates.aero

Aircraft Interiors Middle East (AIME), which showcases the latest innovations in aircraft interiors, equipment, inflight entertainment and telephony, is co-located with MRO Middle East (MROME), the highly successful maintenance, repair and overhaul conference and exhibition, run in conjunction with US-based Aviation Week, and will run from 1 to 2 February 2012 at Dubai’s Airport Expo. www.aime.aero www.mrome.aero

Middle East Business Aviation (MEBA), from 11 to 13 December 2012, is organised on behalf of the Middle East Business Aviation Association (MEBAA) and brings together the world’s leading business aircraft manufacturers and industry suppliers. www.meba.aero
Delivering world class events for 50 years, F&E organises international trade events for business and consumers all over the world. It is a member of the Tarsus Group plc, which was founded, and listed on the London Stock Exchange, in 1998. With offices in the UK (London), USA (Milwaukee), France (Paris), Germany (Düsseldorf), China (Shanghai) and Turkey (Istanbul), the international business-to-business media group has interests in exhibitions, conferences, publishing and online media.