Current:Home > InvestDubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon -Elevate Profit Vision
Dubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon
Fastexy View
Date:2025-04-08 12:11:40
DUBAI, United Arab Emirates (AP) — The biennial Dubai Air Show opens Monday as airlines are poised to make major aircraft purchases after rebounding from the groundings of the coronavirus pandemic, even as Israel’s war with Hamas clouds regional security.
That conflict, as well as Russia’s war on Ukraine, likely will influence the five-day show at Al Maktoum Airport at Dubai World Central. It is the city-state’s second airfield after Dubai International Airport, which is the world’s busiest for international travel and home base for the long-haul carrier Emirates.
While commercial aviation takes much of the attention, arms manufacturers also have exhibitions at the show. Two major Israeli firms — Rafael Advanced Defense Systems Ltd. and Israel Aerospace Industries are participating.
Rafael also sponsored a meeting of air force commanders Sunday at a luxury Dubai hotel, highlighting the balancing act being struck by the UAE amid anger in the Arab world over the Israel-Hamas war. The UAE, a federation of seven sheikhdoms, established diplomatic relations with Israel in 2020.
The firm Russian Helicopters likely will have staff on hand for the air show after appearing at the Abu Dhabi arms fair earlier this year despite being sanctioned by the U.S. and others over Moscow’s attack on Ukraine. ROSCOSMOS, the Russian state space company, also is at the show.
Global aviation is booming after the coronavirus pandemic saw worldwide lockdowns and aircraft grounded — particularly at Al Maktoum Airport, which served for months as a parking lot for Emirates double-decker Airbus 380s.
Air traffic is now at 97% of pre-COVID levels, according to the International Air Transport Association. Middle Eastern airlines, which supply key East-West routes for global travel, saw a 26.6% increase in September traffic compared to a year earlier, IATA says.
Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday. That is up from $1.2 billion for the same period last year, potentially putting the airline on track for another record-breaking year. The airline says it has repaid some $2.5 billion of the loans it received during the height of the pandemic to stay afloat.
Tim Clark, president of Emirates, told Bloomberg in September to “watch this space” when it comes to purchases from both Airbus and Boeing during the air show. The airline is hiring a slew of new pilots and crew, likely to staff new aircraft.
“We’ve got a lot of big plans for the airline going forward,” Clark said. “New fleet, larger numbers, larger network.”
Also in the market is Riyadh Air, a new Saudi carrier being creataed as part of trillions of dollars worth of spending planned in the kingdom. In March, the airline announced an order of up to 72 Boeing 787-9 Dreamliner jetliners and has further plans to expand.
Turkish Airlines also may make a record-shattering purchase of 355 aircraft from Airbus, including 250 A321neo aircraft, according to the state-run Anadolu news agency.
veryGood! (9278)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Green Bay police officer accused of striking man with squad car pleads not guilty
- Hawaii Gov. Josh Green calls ex-emergency manager's response utterly unsatisfactory to the world
- 2nd person found dead in eastern Washington wildfires, hundreds of structures burned
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Dangerous Hilary makes landfall as Southern California cities begin to see impacts of storm: Live updates
- Knicks sue Raptors, accusing foe of using ex-Knicks employee as ‘mole’ to steal scouting secrets
- Store owner shot to death right in front of her shop after dispute over LGBTQ+ pride flag, authorities say
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Montana asks judge to allow TikTok ban to take effect while legal challenge moves through courts
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Diamondbacks' Tommy Pham gets into argument with fans after 'disrespectful' comments
- Tropical Storm Hilary moves on from California, leaving a trail of damage and debris
- Police capture man accused of strangling 11-year-old Texas girl, leaving her body under a bed
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- CBS News poll finds Trump's big lead grows, as GOP voters dismiss indictments
- Former President Donald Trump’s bond is set at $200,000 in Georgia case
- Shooting on Minneapolis street injures eight people
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
The Hills' Whitney Port Addresses “Snarky” Comments Amid Concerns Over Her Weight
Teen Mackenzie Shirilla Sentenced to Up to Life in Prison for Murdering Boyfriend and Friend in Car Crash
Hilary power outage map: Thousands with no power in California after tropical storm
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Global food security is at crossroads as rice shortages and surging prices hit the most vulnerable
Las Vegas declares state of emergency ahead of Tropical Storm Hilary's impact
Brown tarantula mating season is here! You may see more of the arachnids in these states.