World's Biggest Aircraft & Exporter Sees Increased Profits on Emirates Deal

Aircraft producer and Exporter Boeing expects aEmirates, which is based in Tripoli, closed a
significant boost in its sales and revenues with itsnon-binding agreement to buy 3 A330's and 9 A320's
recent deal with Emirates. Recently, the Emiratesfrom the North American plane producer and
disclosed its plans to order 10 Boeing 747-8 cargoExporter.
planes from one of the world's leading plane makersAt the same time, EADS, which is the parent
and Exporters. The deal closed by the twocompany of Airbus has stuck a deal with Libya in
companies is reported to be worth $3.3 billion.order to construct a training center for aircraft
Emirates' decision to order planes from Boeing ismaintenance and pilots in the country. The agreement
considered as a big blow to another aircraftwas aimed to further improve the entire airline sector
manufacturer and Exporter Airbus, which is theof Libya. During the airshow in Farnborough, EADS
competitor of Boeing in the industry. Prior to the dealnew co-chief executive state that the European
between Boeing and Emirates, the latter backed outaircraft Exporter is planning to set up a technology
from its original plan to purchase A380 planes fromcenter in Britain.
Airbus due to certain production problems.Aside from the above mentioned deals, other
The deal was made at Farnborough, which isagreements disclosed during the airshow included the
considered, as the largest airshow in the world and2 orders from Pegasus Aviation Finance Company
where plane producers compete for custom.and a contract signed by the BAE Systems with the
Regardless of the retraction of Emirates, Airbus hasUK government. The order of Pegasus Aviation
closed a $1.7 billion deal with Afriqiyah Airways inFinance Company won by plane Exporter Boeing was
Libya. The Libyan Airline Company has ordered somereported to be worth around $306 million. Meanwhile,
12 of the smaller aircraft models of the Europeanthe deal with the BAE Systems that consisted of 12
plane Exporter. Airbus, then, expects a boost in itsNimrod coastal patrol planes was worth $1.1 billion.
revenues through its deal with Afriqiyah Airways andDuring the Farnborough airshow, Airbus also
other air travel companies in the world.announced its plans to remodel and enlarge its A350.
It must be noted that the deal between Boeing andThe A350 aircraft intended to be fuel-efficient was
Emirates is among the first aircraft deals made withremodeled after Boeing’s Dreamliner 787
the United States after the trade sanctions on Unitedoutplaced it in the market.
Arab Emirates were removed. According to reports,