Dubai Airshow 2013 starts with record breaking orders

As expected the Dubai Airshow opened today with a record breaking order book.

Within three hours of opening, the show’s order tally reached US $162.6 billion – surpassing its previous record of US $155 billion record set in 2007 – with deals coming from Etihad Airways, Emirates Airline, flydubai and Qatar Airways.

The opening order came from Abu Dhabi-based Etihad Airways which announced a deal for 56 new Boeing 777s valued at US$25.2 billion at list prices, including related GE engines. The deal also sees Etihad become the launch customer for the 777-8X which is expected to enter service in 2022.

The airline also ordered 30 Boeing 787-10 Dreamliners, making Etihad the largest customer for the composite aircraft.

James Hogan, President and CEO, Etihad Airways said

“We rarely make announcements at air shows, but when we do the world listens,”

Dubai-headquartered Emirates Airline rapidly re-wrote the Dubai Airshow record with news of a US$99 billion purchase of Boeing and Airbus planes – which industry experts dubbed the largest-ever aircraft order in civil aviation.

The Emirates headline deal was for 150 Boeing 777X, plus 50 purchase rights, and an additional 50 Airbus A380 superjumbos – of which Emirates is currently the largest fleet operator.

Low-cost airline FlyDubai weighed in with a US$11.4 billion order for 111 Boeing 737s and 738s, and then Qatar Airways topped off the morning’s historic agreements with the signing of a US$19 billion letter of intent for 54 Boeing 777s.