Emirates 90-plane 777X deal to kick-start Dubai Airshow

Image: Collected
How many of those bear fruit in time for the Nov. 13-17 show depends on the state of negotiations and jockeying for the limelight as Gulf groups face a widening circle of competition.

Turkish Airlines (THY) burst onto the show's agenda on Saturday with word from state-run Anadolu news agency that it was in talks to buy up to 355 Airbus jets.

Following more talks, industry sources said the airline could announce at least part of the deal on Monday.

It has said it is in discussions for as many as 600 planes overall, likely to be split between Airbus and Boeing.

One Mideast source described the prospect of a Turkish order as a "bold move," stepping up competition at the showcase event. However, speculation of a large Dubai order for narrowbody jets from the region's newest player, Saudi Arabia's Riyadh Air, as early as Dubai is premature, other sources said. The airline, which has hinted at a decision in coming weeks, declined to comment.

Aviation powerhouse Dubai is staging the biennial aerospace pageant against the backdrop of the Israel-Hamas war in Gaza that is pushing up demand for weapons and closing airspace, making flights longer and more expensive for some airlines.

Travel analysis firm ForwardKeys said on Friday flight bookings had fallen around the world since Oct. 7.

Bookings to the Middle East have slumped 26%, it said.

"There's enough statistical evidence, at least in the short term, to show that there's been a substantial drop in tickets sales into the region," said Daniel Silke, director of Cape Town-based Political Futures Consultancy.

Analysts have said the war in Gaza is also likely to reinforce demand for weapons on top of a surge in the past 18 months as the United States and its allies rearm Ukraine against Russia. However, few major arms deals are expected at the show.
Source: https://finance.yahoo.com

Tags :

Share this news on: