In its effort to catch up with fast-growing neighbor Dubai as an aerospace hub, Abu Dhabi companies announced several key developments here at the Farnborough show. The deals will launch tier-one aerospace manufacturing in the Arabian Gulf, and significantly expand local maintenance, repair and overhaul capability.
United Arab Emirates
Middle East FBO activity is accelerating, with a United Arab Emirates company planning to build an FBO at the new Al Maktoum International Airport and an Abu Dhabi company announcing plans to convert a former military airport into the region’s first dedicated executive airport.
Farnborough Aerospace Consortium (FAC), an aerospace and defense association that supports 1,200 related companies in southern England, has opened new offices in New Delhi and Mumbai. The moves follow the success achieved in the UAE, where member companies have been operating from offices in Abu Dhabi and Dubai since 2007. FAC acts as a facilitator for business between large global primes and supply chains.
Fairs & Exhibitions is describing the biennial Dubai Air show, which celebrated its tenth anniversary in 2007, as “The world’s third largest aerospace exhibition.”
The 2009 show will have a new venue– “Aviation City” at Dubai World Central, the UAE’s new six-runway mega-airport in Jebel Ali.
In its effort to catch up with fast-growing neighbor Dubai as an aerospace hub, Abu Dhabi companies announced several key developments here at the Farnborough show yesterday. The deals will launch tier one aerospace manufacturing in the Arabian Gulf, and significantly expand local maintenance, repair and overhaul capability.
New United Arab Emirates low-cost carrier FlyDubai kicked off firm order announcements at this year’s Farnborough International yesterday morning with a $4 billion purchase of 50 CFM56-7B-powered Boeing 737-800s. It also plans to lease an additional four machines from Babcock & Brown Aircraft Management. Under the terms of the contract, FlyDubai may convert orders for the aircraft to 737-900ERs.
Dubai World Central (DWC) will hold talks with “several key business jet manufacturers” at the air show in the hope of attracting them to set up shop at its new Aviation City business aviation park.
The Dubai Air Show, held November 4 to 8, demonstrated an abundance of business-as-usual spirit when it opened its doors in the face of a worldwide security crisis and the intensifying war in Afghanistan just 500 mi away to the northeast.
XOJet, the San Carlos, Calif.-based on-demand charter company with a fleet of Cessna Citation Xs, said today at EBACE that it has secured $2.46 billion in financing to fund a plan to expand further both in North America and internationally.
Prestige Jet of Abu Dhabi signed a letter of intent at EBACE for the purchase of five Gulfstream G650 long-range executive jets to be delivered in 2012. The Middle East company founded in 2007 aims to build up its own mixed fleet of aircraft in response to variable needs of its customers, while its sister company Prestige Air Charter is offering ad hoc charter brokerage throughout the region.