The Dubai Air Show, known for record-breaking mega deals, is expected to see fierce competition for deals from rivals Airbus and Boeing, who each own approximately half of the market for large commercial airliners. But the American planemaker's presence has been subdued thus far, weighed down byin a span of five months, which killed a combined 346 people.
Boeing's fleet of some 400 737 Max jets has been grounded since March, denting airlines' profits, forcing carriers to cancel thousands of flights and pushing up costs. On the air show's first day, the manufacturerAsked on Sunday if the 737 Max's grounding benefited Airbus, , telling CNBC: "This does not benefit anyone in this industry, the least of which would be Airbus... it is not good for competitors to see problems on any one particular airplane type."at a value of $15.1 billion.Speaking to CNBC Monday, Al Maktoum said the Airbus order was "good news for the industry" and dismissed concern over the lack of activity so far, suggesting that more orders could be incoming over the course of the show.
"I think you will see a good number. I think also you have to expect there is aircraft to be delivered over those years, so don't expect that always will be the same number of aircraft," he told CNBC's Hadley Gamble. He also praised the development of the UAE's aviation sector. "It has served the country very well in terms of growth, tourism, the financial sector, economy, cargo, you name it, the development of the airport, infrastructure, and we go hand in hand with all the development of the UAE," he said.
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Source: CNBC - 🏆 12. / 72 Read more »