Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ World https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Day 1 opens with only two jets sold against industrial winds

Day 1 opens with only two jets sold against industrial winds

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DUBAI – The Dubai Aviation Show – where record deals were previously announced – was unveiled on Sunday, the first day of the leading Aerospace Exhibition in the Middle East, and could be an indicator of the growing challenges facing the global aviation industry. [19659003] In a schedule packed with press conferences on heavy loads at Boeing, Airbus and Lockheed Martin, only one deal was announced on the day the 201

9 Dubai air show opened: the sale of two Boeing 787-9 Dreamliners to Biman Bangladesh Airlines. [19659003] The larger and longer version of Boeing's Dreamliner adds to the existing Biman fleet of four 787-8 jets and will help modernize the fleet, improve its payload and expand its international reach, executives at both companies said during the message.

But the news of Sunday's deal, with just two jets sold, came as a surprise to many during the show – especially compared to previous years.

Initially, at the last Dubai air show in 2017, Boeing launched the event, launching a large-scale sale of 40 787-10 jets to Airlines worth $ 15.1 billion. The first day of the show in 2013 ended with huge orders of $ 192 billion, an all-time record. By contrast, the jets purchased on Sunday were valued at $ 585 million at list prices, according to Boeing.

After all, we are still only on day one and there is still time for some of these big deals to occur in the coming days.

Charles Forrester

IHS Jane & # 39; s

The biennial exhibition held at Dubai's Al Maktoum Airport continues until Thursday (November 21st), with the order book growing very well during this time. .

The last day of the 2017 show posted $ 113.8 billion worth of on-site bookings for airplane bookings – an over 300% increase on orders of $ 37.2 billion made during the previous 2015 air show d. But the hushed news on opening day this year reveals a continuation and perhaps worsening of the wind industry, forcing airlines to rethink their fleets and growth strategies.

For the rich Gulf states and their state-owned airlines can e rather, they disappear as oil prices remain depressed in an environment of low demand and increasing supply. The trade war between the US and China and Brexit has led to serious uncertainty for investors and slowed trade and growth more broadly, economists say.

But especially for the aviation industry, tougher regulations and delays caused in part by Boeing Max's two catastrophic 737 Max jet crashes over a five-month period, killing 346 people.

"While the demand for commercial aircraft may go over peaks and troughs, the current addition of enhanced regulatory control means that some of the more widely sold platforms have had to undergo additional controls, leading to delays in some parts of the end users, "Charles Forster, IHS Jane's defense and space analyst, told CNBC on Sunday.

" In addition, some concerns in the aeronautics market also caused delays in potential aircraft for the new model . "

A Boeing fleet of about 400,737 Max jet aircraft was founded in March, slashing airline profits, forcing carriers to cancel thousands of flights and increase costs. The aircraft maker took $ 4.9 billion after tax in the second three months. to offset the airlines, but the final amounts are unknown as regulators have not yet raised the ground.

"The certification check has affected other manufacturers," Forrester said, "because the FAA (Federal Aviation regulators)

"After all, we're still only on the first day," the analyst added, "and there is still time for some of these big deals.

The Dubai airport was first run in 1989 and is driven by regional investments in commercial and military aviation, with 200 exhibitors and 25 aircraft exposed. This year's biennial exhibition is the largest ever – with 1,300 exhibitors, 165 aircraft on display and a reported 78,000 visitors.

– Jessica Burshtynsky of CNBC contributed to this report.

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