Turkish Airlines and Emirates to Expand Fleet with Airbus and Boeing Aircraft
The global aviation industry is showing signs of recovery from the impact of the COVID-19 pandemic, as evidenced by major deals signed at the international air show in Dubai.
Airbus, one of the world’s largest aircraft manufacturers, and Turkish national carrier Turkish Airlines signed a multibillion-dollar contract for the supply of 355 aircraft. The agreement includes the order of 345 aircraft, including A321neo aircraft, A350-900 aircraft, A350-1000 aircraft, and A350F cargo aircraft. Turkish Airlines intends to purchase a total of 600 aircraft as part of its growth strategy.
In addition, Emirates, one of the world’s largest airlines, signed a $52 billion contract with Boeing Co. for the purchase of 90 Boeing 777 aircraft, as well as additional 787 Dreamliners. This long-term commitment is expected to support hundreds of thousands of jobs throughout the global aviation supply chain.
FlyDubai, another UAE state-owned airline, ordered 30 Boeing 787-9 Dreamliner aircraft worth $11 billion, which will be the first wide-body aircraft in the company’s fleet.
The International Air Transport Association reports that the volume of air traffic has now reached 97% of the level before COVID-19, indicating a strong recovery in the aviation industry.
The Dubai International Air Show is expected to see more deals worth billions of dollars as the industry continues its resurgence.
Overall, these major transactions demonstrate a renewed optimism in the aviation sector as it emerges from the challenges posed by the pandemic.
