DUBAI, Nov 16 (Reuters) – Global aerospace firms have secured tentative or firm orders for more than 400 airplanes at the Dubai Airshow, building on signs of a recovery from a global pandemic that has shattered the industry’s profits.
After major orders for narrowbody jets and a new freighter earlier this week, Airbus (AIR.PA) secured a tentative deal for up to 30 A320neo narrowbody jets from Kuwait’s Jazeera Airways, while Boeing ended a recent dearth of orders in India.
Most of the planes ordered were narrowbody models in highest demand from low-cost carriers like Europe’s Wizz Air (WIZZ.L) and Boeing’s latest customer, Indian startup Akasa.
“I believe this is a sign of recovery. The second half of the decade when most of these aircraft will be delivered is a long time from now, so it is reasonable to expect that at that point traffic will exceed pre-COVID levels,” said independent aviation adviser Bertrand Grabowski. Read more
