20 NOVEMBER 2017

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Article from BTNews 20 NOVEMBER 2017

$27bn order heads Dubai deals

The largest single-aisle jet order by number of aircraft and total value from a Middle East carrier set the seal on a successful week for Boeing at the Dubai Air Show when the manufacturer and flydubai signed a landmark agreement for 225 B737 MAXs.

The deal is worth US$27bn and includes a commitment for 175 MAXs and purchase rights for 50 more. It was followed by Boeing and the Alafco Aviation Lease and Finance Company of Kuwait finalising a deal for 20 additional B737 MAX 8s. 

This contract doubles the leasing company’s order book for the MAX family. Alafco now has 40 MAXs on order, with the new signing, announced initially at the Paris Air Show as a commitment, valued at US$2.2bn at current list prices.

Azerbaijan Airlines was also in the news at Dubai after announcing an order for five more Boeing B787-8 Dreamliners and a commitment to purchase two large freighters. The two elements together are worth about $1.9bn.

Boeing and Dublin-based AerCap, the world’s largest B787 customer with more than 115 owned or on order, also announced that Egyptair will lease six Boeing B787-9s from AerCap (see also  EgyptAir signs with Bombardier  in this issue).

www.boeing.co.uk   www.flydubai.com  

www.alafco-kw.com   www.azal.az   www.aercap.com

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