The continued demand for real estate in the emirate will support its macroeconomic development
uae2 hours ago
Qingdao Airlines requested 23 planes and Zhejiang Loong Airlines sought 20, the European planemaker said in a statement.
Air travel is rising steadily in Asia and other emerging markets, with passenger trips in China reaching 320 million in 2012, up nine percent from the year before.
“We welcome Qingdao Airlines as a new member of the big Airbus family,” chief operating officer for customers John Leahy said in the statement.
“The commitment from Zhejiang Loong Airlines is another vote of confidence for our popular A320 family.”
Qingdao Airlines’ order includes 18 A320neos, which are designed to reduce emissions and fuel consumption, while Zhejiang Loong Airlines’ includes nine A320neos.
Both carriers are new companies. Qingdao Airlines will start operations next year and take delivery of the first A320s in 2016, the statement said. Zhejiang Loong will begin business this year.
The airline Air China ordered 100 A320s in May, which would be worth $8.8 billion at list prices, and be handed over from 2014 to 2020.
BOC Aviation — the aircraft-leasing arm of the major state-owned Bank of China — ordered 50 A320s in January, half of them from the “neo” series. Delivery is due to start next year and continue through 2019.
Airbus has a factory in China that assembles A320 series planes.
The company predicted in its annual industry forecast on Tuesday that the Asia-Pacific would overtake Europe and North America in air traffic by 2032.
With overall growth rising 4.7 per cent a year, the world would need another 29,000 new commercial aircraft over the next two decades, it said.
By then two-thirds of people in emerging markets would take a flight each year, compared to one in five now, Airbus’s chief operating officer John Leahy said.
The continued demand for real estate in the emirate will support its macroeconomic development
uae2 hours ago
Mass consumption of digital music cannot beat the unique experience of being at a live musical performance
life and living2 hours ago
The city's Human Resources Department issued a resolution that encourages prompt conflict resolution
uae4 hours ago
No suspects were immediately identified
world4 hours ago
The singer entered the show with a bang, singing his hit song 'Shape Of You' to the vibrant beats of Punjabi dhol
entertainment4 hours ago
The accused were carrying 1349 grams of gold
world4 hours ago
The track is designed to improve connectivity for first and last-mile trips, linking with the Dubai Internet City Metro Station and other hotspots
transport4 hours ago
The gala served as a platform to honour six remarkable women, including the Bollywood diva, for their contributions to the world of cinema
entertainment4 hours ago