Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Orders placed for 408 aircraft at Dubai Air Show, biggest by Indigo Partners

A visitor sits inside a mock-up business class cabin of Emirates airlines at the 2021 Dubai Airshow. AFP
  • The orders covered the full range of commercial aircraft, including a first commitment for the A350F.
  • Air Lease Corporation signed a commitment for 111 aircraft, covering the full range of Airbus families.

A total of 408 aircraft (269 firm orders and 139 commitments) were ordered at the Dubai Airshow, the first major airshow since the pandemic.
It covered the full range of commercial aircraft, including a first commitment for the A350F.
In the pre-show event, Airbus launched its latest global market forecast based on shifting demand from fleet growth to the retirement of older, less fuel-efficient aircraft, resulting in a need for 39,000 new-build passenger and freighter aircraft.
On the first day, Indigo Partners portfolio airlines placed a firm order for 255 A321neo Family aircraft, and 29 XLR including Wizz Air 102 aircraft (75 A321neo + 27 A321XLR); Frontier 91 aircraft (A321neo); Volaris 39 aircraft (A321neo) and JetSMART 23 aircraft (21 A321neo + 2 A321XLR).
The second day saw Air Lease Corporation sign a commitment for 111 aircraft covering the full range of aircraft families, including the new A350 Freighter, 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos, and seven A350Fs.
Along with the orders, ALC and Airbus announced the first-ever joint ESG scheme in aircraft procurement  — a joint Sustainability Fund — to foster industry decarbonization solutions.
On the third day, Jazeera Airways committed to 28 A321neos and Nigeria’s Ibom Air became a new Airbus customer with a firm order for 10 A220s.