Boeing wins $50B in jet orders, commitments at Dubai Airshow

Kazakhstan-based SCAT Airlines announced an order for six
Boeing 737 MAX 8s on the final day of the 2017 Dubai Airshow.

Boeing won large commitments across its twin- and single-aisle commercial airplane families and obtained several services agreements at the 2017 Dubai Airshow in the United Arab Emirates.

The agreements bolster Boeing forecasts that airlines in the Middle East will need 3,350 new airplanes during the next 20 years, valued at an estimated $730 billion. Boeing presented its 2017 Current Market Outlook (CMO) for the region during the Dubai Airshow.

"Traffic growth in the Middle East is expected to grow at 5.6% annually during the next 20 years," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes.

The continued growth of the Middle East aviation market was underscored by customers in the region announcing orders and commitments for 296 airplanes – including 50 options – with a value of about $50 billion at list prices.

Bernard Dunn, president, Boeing Middle East, North Africa and Turkey, said, “We signed agreements with key airline partners including Emirates, flydubai, Azerbaijan Airlines, ALAFCO, and Ethiopian Airlines.”

In addition, Egyptair became a new customer for the 787, leasing six Boeing 787-9 Dreamliners from Dublin-based AerCap. The airshow also introduced Boeing Global Services to the Middle East market.

Largest 737 order from a Middle East carrier
Boeing and flydubai leaders signed an agreement for 225 737 MAX airplanes with a list price value of $27 billion. The deal represents the largest-ever single-aisle jet order – by number of airplanes and total value – from a Middle East carrier.

Signed in flydubai's hometown, the agreement includes a commitment for 175 MAX airplanes, and purchase rights for 50 additional MAXs.

More than 50 of the first 175 airplanes will be 737 MAX 10s, the newest and largest member of the 737 MAX family. The balance of the initial airplane order will be made up of MAX 8 and MAX 9 airplanes.

This new deal surpasses the flydubai's previous record order of 75 MAXs and 11 Next-Generation 737-800s signed at the 2013 Dubai Airshow.

Ethiopian Airlines announced an order for four Boeing 777 Freighters in a deal valued at more than $1.3 billion at list prices. The deal includes a new order for two freighters plus two freighters the airline announced as a commitment in June that finalized into a firm order by November’s Dubai Airshow. This pushes 777 net orders for 2017 to 57 – 37 of them for the current-generation 777 airplane; the others are for the 777X.

Emirates committed to purchase 40 787-10 Dreamliners at the Dubai Airshow. The deal, including airplanes and related equipment, is valued at $15.1 billion at current list prices. These aircraft are to be delivered beginning in 2022.

Aviation Lease and Finance Co. (ALAFCO) finalized an order for 20 additional 737 MAX 8s at the 2017 Dubai Airshow, doubling the lessor's order book for the MAX airplane. Kuwait-based ALAFCO has 40 737 MAXs on order. The deal, valued at $2.2 billion at current list prices, was announced as a commitment at the Paris Air Show.

Azerbaijan Airlines (AZAL) announced an order for five more 787-8 Dreamliners and a commitment to purchase two large freighters.

Boeing and Kazakhstan-based SCAT Airlines officials announced an order for six 737 MAX 8s on the final day of the 2017 Dubai Airshow.

The agreement, valued at $674 million at current list prices, also includes purchase rights for five additional 737 MAX 8s.

The 737 MAX has surpassed 4,000 total orders to date.

Boeing Global Services completed its inaugural airshow with four service agreements:

• Custom services from the Boeing Global Fleet Care portfolio to Oman Air

• A 5-year strategic agreement to provide Royal Jordanian with comprehensive training, including pilot type-rating and recurrent training at its London Gatwick training campus

• Support to Cathay Pacific Airways’ 747-8 freighter fleet through the Boeing Landing Gear Overhaul and Exchange Program

• Parts sales and distribution agreement with Rolls-Royce – through Boeing subsidiary Aviall – in support of its global fleet of AE defense engines

Boeing also celebrated the opening of Emirates Flight Training Academy (EFTA), where the company is providing customized, software-based cadet learning and training.