138 billion dirhams of deals for the Dubai Airshow on its...

138 billion dirhams of deals for the Dubai Airshow on its...
138 billion dirhams of deals for the Dubai Airshow on its...

T + NS – normal size

Airshow 2021 surprised the world on its first day with the event recording deals worth 138 billion dirhams, reflecting previous expectations of not recording huge deals in light of the challenges imposed by the pandemic on the aviation sector in the world, and thus the 2021 version reaps on its first day the equivalent of 69% Of the total deals registered in the five-day cycle of 2019, which amounted to 200 billion dirhams, this achievement reflects Dubai’s position as the capital of the global aviation industry and embodies its vital contribution to stimulating the recovery movement of the sector and reviving it from the repercussions of the crisis.

The value of the deals and contracts announced during the activities of the first day of the Dubai Airshow 2021 amounted to approximately 138 billion dirhams, including contracts worth 5.24 billion dirhams in favor of the Ministry of Defense, in addition to a letter of intent signed by the Tawazun Economic Council “Tawazun” to purchase 100 multi-use 500VRT helicopters from the “Tawazun” company. Aeroter” worth 913 million dirhams (216.9 million euros) to be used by government agencies, with expectations to start receiving aircraft in 2023.

exclusive contract

For its part, the Edge Group, through its subsidiary “GAL”, won an exclusive contract worth 11 billion dirhams to provide services for aircraft of the Air Force and Air Defense.

The deals and contracts announced on the first day of the exhibition include the purchase of 255 Airbus A321ne aircraft signed by 4 airlines affiliated with the “Indigo Partners” group, namely, “Frontier” of the United States, “Wiz Air” of Hungary, and “JetsSmart” from Chile. Argentina, and Mexican “Volaris”, bringing the total number of aircraft purchased by “Indigo Partners” airlines to 1,145 aircraft of the A320 family.

According to Airbus’ announced price schedule for 2018, the value of the deal is estimated at 121 billion dirhams ($33 billion).

On the first day of the Dubai Airshow, the Ministry of Defense announced the conclusion of 5 deals worth 5 billion and 239 million and 640 thousand dirhams with local and international companies.

Major General Staff Pilot Ishaq Saleh Al Balushi, Executive Director of the Military Organizing Committee of the Dubai Airshow 2021, confirmed during the press conference, which was held on the sidelines of the exhibition, that the first deal of the exhibition was contracted with a Spanish company called Airbus Defense and Space “SAU” to purchase aircraft that supply With fuel for the Air Force and Air Defense Command, at a value of 2 billion and 468 million dirhams.

For her part, Lt. Colonel Pilot Sarah Hamad Al-Hajri, spokesperson for the Dubai International Airshow, said: “The second deal was signed with the “progressive technologies” company to purchase munitions supplements, including training for the Air Force and Air Defense, which amounted to 2,672 million and 257 thousand dirhams. She indicated that among the deals of the first day, a deal was signed with the French company “Thales” to purchase communication systems for the Air Force and Air Defense, with a value of 15 million and 937 thousand dirhams, while another contract was concluded with the same company to purchase spare parts and maintenance at a value of 16 million. And 708 thousand dirhams.

She explained that the fifth and final deal on the first day of the exhibition was concluded with an American company called Goodrich corporation to provide technical support services and technical assistance and to provide spare parts for aircraft systems, at a value of 66 million and 114,000 dirhams.

Follow the economic statement via Google News
Follow the economic statement via Google News


Pin Interest
Whats App

These were the details of the news 138 billion dirhams of deals for the Dubai Airshow on its... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT US Fed holds key rate steady for fourth straight meeting

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]