Craziness Hits Arabian Gulf Airlines Leading to Multi-Billion Dollar Agreements

Gulf-based airline companies went shopping for airplanes with billions and billions of dollars in their pockets, yesterday 4 airline carriers revealed news about agreements that aims at enforcing their fleets with various new aircrafts.

The biggest deal was made by Etihad Airways, the Abu Dhabi-based airline, as they announced earlier yesterday a deal ordering 55 Airbus aircrafts, later the same day Etihad announced that they increased number of aircrafts to 205 brand new Airbus aircrafts, the total value of the deal is 43 billion USD$. This deal is the biggest in the history of commercial aviation.

FlyDubai, the new low-cost airline carrier in Dubai, announced a deal that is considered to be the biggest deal made by a Gulf-based low-cost airline, the value of the deal is 4 billion USD$, the total price of 54 Boeing aircrafts.

Saudi Arabian airlines, which ordered 22 Airbus aircrafts back at the end of 2007, signed a new deal to buy-out 8 Airbus aircrafts. Qatar Airways announced a deal to acquire 4 new Airbus aircrafts, the value of the last two agreements wasn’t revealed yet.

Expectations were talking about a decline in the number of air travelers due to craziness in fuel prices, which will lead to expensive traveling prices, but seems like those airline companies are really optimistic about the future of traveling.

This entry was posted on Wednesday, July 16th, 2008 at 10:59 am and is filed under Arabia, Interesting, Jazar, Qatar, Saudi Arabia, UAE. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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1 Comment so far

  1. on July 16, 2008 at 12:47 pm KJ wrote:

    One day these air planes will be in a memorial park and we would have to use our good old bicycles and horses to get across globally

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