Dubai a Great
Place to Sell Airliners
This post is playing off the one directly below it, one that asks if it is all cooincidence that oil prices are through the roof while Emirates Airlines places the largest airliner order in history.
This week at the Dubai Airshow, there is just mountains of more evidence that while middle America struggles to stay afloat financially, one region of this planet is rolling in so much of our money, they can't spend it fast enough. Here are a few tastes, from ANN and MSNBC:
Boeing Company, won a $6.1 billion order for 30 of its 787 Dreamliner aircraft and five freighter 777s from Qatar Airways... who is also the largest customer for competitor Airbus SAS's A350 XWB. Qatar Airways also took an option to buy 30 more 787s, the carrier said Monday in a statement distributed at the Dubai Air Show, according to Bloomberg. Qatar Airways has 80 A350s on firm order.Damned straight they won't. It's because as the Middle East cashes in on BushCo's gouging of the American people, the rank and file in the U.S. struggles to pay for a cramped seat in coach to Grandma's house. Many of our big legacy carriers are barely staying out of bankruptcy court – a distinct contradiction to the massive stockpiles of cash that the UAE carriers ae enjoying.
Arab airlines are expected to increase their combined fleet by almost two-thirds to 900 aircraft by 2015 from 550 planes in 2006, according to the Arab Carriers Organization. Mixing competing models, as Qatar is doing, can help airlines win lower purchase prices for planes. Singapore Airlines Ltd. also has contracts to buy both 787s and A350s.
DUBAI - Gulf carriers ordered 140 planes for nearly $40 billion from both Airbus and Boeing Co. on Sunday, the opening day of the Dubai Airshow, in a boost for the global airline industry and a sign of the Middle Eastern airlines' rapid expansion. Dubai-based Emirates, Qatar Airways and Abu Dhabi-based Etihad — are key customers of both planemakers. These big orders are very important because they will not come in this size from Europe or the U.S. any time soon.
And what would the Dubai Show be without at least one Sheik trying to out-Sheik his fellow Sheiks? From ANN:
Prince Alwaleed bin Talal bin Abdulaziz Alsaud signed a firm order with Airbus for an A380 Flying Palace, becoming the first customer for the VIP version of the new double-deck superjumbo. With a pricetag of $320 million -- before cabin outfitting -- the Flying Palace offers nearly 6,000-square feet of cabin space. The aircraft will require a flight crew of about 15 to operate. The prince is the world's 13th wealthiest individual, and his current aerial chariot is a 747-400, the only such aircraft in private hands.That about does it here. I am off to work, because I have to fill the tank in my car today. And as I wrote this, gas prices rose another .20 cents at the pump. I guess this is all just fine for The Decider, he likes them high oil prices just fine. But if the cowboy hat makers of the world get together and collectively raise the price of cowboy hats, watch how fast Bushie runs to the Justice Department to initiate hearings into price fixing.