Boeing sees steady Gulf demand, interest in mid-sized aircraft

Boeing has seen strong regional interest in a proposed new mid-sized passenger jet, according to Marty Bentrott, vice president for Boeing’s commercial sales in the region. (Reuters)
Updated 11 November 2017
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Boeing sees steady Gulf demand, interest in mid-sized aircraft

DUBAI: Boeing sought to dispel concerns about a slowdown in the growth of Gulf airlines as the aerospace industry gathered on Saturday for the Dubai Airshow.
Speaking to reporters on the eve of the showcase event, executives at the US planemaker also played down the impact of growing political tensions in the region.
“Traffic is coming back and yields are improving and this is going to be a very positive backdrop to the Dubai Airshow,” Marty Bentrott, vice president for Boeing’s commercial sales in the region, said, citing higher profit at Dubai’s Emirates.
He said Boeing had been asked to reschedule some deliveries according to a normal pattern, but had not seen cancelations since a rift between Arab nations and Qatar earlier this year.
Boeing has seen strong regional interest in a proposed new mid-sized passenger jet, he added.


Deals worth more than $50 billion being signed at Future Investment Initiative

Updated 2 min 3 sec ago
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Deals worth more than $50 billion being signed at Future Investment Initiative

DUBAI: More than 25 deals worth more than $50 billion being signed at Future Investment Initiative in Riyadh, including 12 “mega deals.”

One of the deals being signed is for the second phase of Haramain high-speed railway. Public transport projects, including the development of Saudi Land Bridge project, are also among raft of deals being signed.

 

An MoU between Saudi Aramco and Halliburton was also signed, one of the 25 deals sealed in during the opening day of the conference in Riyadh.

 

 

More to follow.