Aviation

Dubai airport passenger traffic grows 7.8 per cent

Dubai_airportPassenger traffic at Dubai International Airport increased by 7.8 per cent during the first 11 months of the year to reach 46.2mn passengers, according to Dubai Airports.

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Dnata looking at global expansion

Dnata_expansionDnata, the ground-handling arm of the Emirates Grouphas announced an investment outlay of US$70mn for global expansion, of which most of the money will go into purchase of essential Ground Support Equipment (GSE).

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Boeing awarded US$18 billion order by Emirates

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Emirates' chairman Sheikh Ahmad bin Saeed Al Maktoum told reporters that the deal is valued at US$18 billion and Emirates has options to purchase another 20 Boeing 777-300 jets. Delivery is set to take place in 2015, he added.

If Emirates decides to go for an additional 20 Boeing 777-300 ER, then the deal is worth about US$26 billion, Sheikh Ahmad said. He added that the airline was looking at a range of funding options including export credit agencies and Islamic financing to pay for the order.

Ambitious plan

Sheikh Ahmed said the new order underlines Emirates' strategy. "We have an ambitious and strategic plan to continue growing our international network and especially increasing our long-haul, non-stop routes," said Sheikh Ahmad

Boeing delivered 127 commercial airplanes in the third quarter of 2011, including 100 of its best-selling 737 narrowbodies and 21 widebody 777s.

The 777-300 ER extends the 777 family's span of capabilities, bringing twin-engine efficiency and reliability to the long-range market. The airplane carries 365 passengers up to 14,685 km.

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Regional airlines to add 2,340 aircraft by 2029

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As per Boeing's estimate, the regional aviation industry will grow upward at an average of 7.1 per cent a year for the next 20 years.

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Middle East passenger traffic set to soar - BCG Report

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Middle East passenger traffic is expected to reach 140mn by 2015 and Emirates is likely to become the world's largest widebody carrier, global management consulting firm The Boston Consulting Group (BCG) says in a new report.

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