The UAE airlines dominate the low-cost segment in Gulf Cooperation Council (GCC) countries and the competition among the regional carriers is on the rise to grab more market share. The budget airlines have become more popular in the region and now the national airlines like Etihad and Qatar Airways may also launch their low-cost wings in the coming months to join the competition.
DUBAI — Success has no finishing line, hence the newest edition of the Dubai International Airshow, which opens here on Sunday expecting to land billions of dollars worth of new orders, is an extension of the UAE’s major achievements in several areas, said His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
DUBAI - Dubai Airport Freezone will be participating at Dubai Airshow 2011, which is set to kick off on Sunday, through its presence at stand C100 in the Central Hall. The free zone is set to leverage the emirate’s investment opportunities in the aviation and aerospace industries and attract more aviation companies to its vicinity.
Gulf airlines and lessors could splash out more than $20 billion on Airbus and Boeing jets at next week’s Dubai Airshow, underscoring the region’s role as the industry’s chief paymaster amid Europe’s worsening sovereign debt crisis.
Emerging bullish air travel trends and improved outlook forecast made by International Air Transport Association (IATA) on global and Middle East airlines’ profitability have raised hopes that Dubai Airshow’s 2011 edition, the spectacle featuring 1,000 exhibitors, would see the world’s major aircraft makers sealing billions of dollars worth of new orders from the region’s carriers that are pressing ahead with their fleet expansion plans.
Dubai gears up for its biennial air show which opens on Sunday with hopes of landing fleets of new aircraft orders. Organisers of the Dubai Airshow said this year’s edition will be the biggest in the history of the 25-year-old show, with a 10pc increase in size, and that some regional carriers are expected to come up with new orders.