Abu Dhabi’s Mubadala aims to be among the world’s top three manufacturers of composite and metal parts for aeroplanes by 2020.
Airbus currently produces 42 of the current version of the A320
The carrier ordered 10 A320neos at the Dubai Airshow which are due to be delivered between 2018 and 2020.
The project is being built jointly by Mubadala and Khalifa University.
Airline CEO Akbar Al Baker said the Saudi domestic services carrier will be called Al Maha Airways.
Boeing staff at Seattle’s Renton factory will soon be turning out 42 planes a month.
Flynas is the second low-cost airline regionally to offer business class seating.
The airline has signed an MoU for three A350-900s and four A320neos.
The Middle East’s low cost carriers are confident of further growth after a two million increase in their seat capacity this year.
Airbus agreed a new deal on Monday with Abu Dhabi’s state investment fund Mubadala.
Akbar Al Baker said the carrier may change some of its A350-900 variants to the larger A350-1000.
French firm Dassault’s Rafale jets and the BAE Systems-backed Eurofighter Typhoon are in a tight race to win the deal for at least 60 new aircraft.
Ghaith Al Ghaith believes there are not enough flights in the region but the demand is there.
Regional carriers placed orders worth $100 billion in 15 minutes on the opening day of the Dubai Airshow
Executives are worried whether the fighter plane will receive enough new orders needed to maintain production past 2016.
Etihad boss James Hogan talks strategy, partnerships and luxury in the skies as he pushes to cap another strong year of performance for the carrier.
The move follows the Abu Dhabi carrier’s acquisition of a 33.3 per cent stake in Swiss airline Darwin.
Following completion of the deal, Darwin will be rebranded as Etihad Regional.
DAE’s newly delivered freighters will be placed with Emirates on long-term lease.
Gulf carriers splurge on day one of the Dubai Airshow, amassing orders worth over $192 billion.
Record orders are announced at day one of Dubai Airshow.
The deal brings Emirates’ total order book for A380s to 140 aircraft
The Abu Dhabi airline ordered 25 of Boeing’s 777X airplanes and 30 787-10 Dreamliners, along with one additional 777 freighter for its cargo fleet.
The Dubai-based airline is the largest customer of the A380s with an current order of 90 jets.
The US aircraft manufacturer said it was sticking to plans to deliver the 777X in mid-2020.
The roughly $16 billion order, is expected to include around 50 of the European planemaker’s long-haul A350.
The region’s aviation future looks bright, but attention must be paid to capacity and safety challenges, says Hussein Dabbas, MENA regional vice president for the International Air Transport Association (IATA).
The plane manufacturer predicts the region will need 2,610 new airplanes over the next 20 years.
The carrier is expected to place a commitment for up to 150 Boeing 777X aircraft during the Airshow.
Etihad Airways, one of Virgin Australia’s shareholders, is committed to the offer and will raise its exposure via the capital raising.