Wednesday, November 11 - 2009

Dubai Aerospace Enterprise orders 100 planes from Airbus

Rolls Royce has added another $1.2bn in orders at the Dubai Air Show, taking its tally over two days to $9.6bn. It’s part of a deal signed by Dubai Aerospace Enterprise (DAE) to buy 100 aircraft from Airbus, and marks another significant victory for the firm over arch rival Boeing at the Show.

DAE Capital, the leasing arm of DAE, announced the deal this morning to buy 70 A320s and 30 A350s, in a deal worth $13.5bn. It will take delivery of the planes between 2013 and 2022. The company has also signed a $13.7bn deal with Boeing for 100 aircraft.airbus-a350.jpg

Rolls Royce is supplying its Trent XWB engines to Airbus for the 30 A350 XWBs that DAE ordered – which will be delivered from 2018. DAE, which was set up in February last year and is building a range of airline businesses, including a leasing company, is due to start taking delivery of the planes in 2018.

Yesterday, Rolls Royce won $8.4bn in orders via Emirates’ deal with Airbus to take 70 A350 XWBs, with an option to take another 50. The company said that usually, options in the airline business are exercised.

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