In a significant move for its commercial aerospace business, Boeing (NYSE:BA) has secured a substantial order from flydubai for 30 of its 787-9 Dreamliner jets, announced today. This agreement comes as a part of a series of recent deals that signal Boeing's growing influence in the Middle East's aviation market, which is currently valued at $62.50 billion and expected to reach $72.07 billion by 2028.
The Dreamliner has been a key player in the global aviation industry, opening over 380 new nonstop routes since its introduction in 2011. This new order from flydubai is set to bolster Boeing's commercial business revenue further, following on the heels of other agreements with Royal Air Maroc and Royal Jordanian.
At the Dubai Airshow 2023, which is currently underway, Boeing has outshone Airbus in terms of new orders. Despite criticism from Emirates' President Tim Clark regarding Rolls-Royce (OTC:RYCEY) XWB-97 engines on the Airbus A350-1000, Airbus still managed to secure a deal for ten A350-900s with EGYPTAIR. The deal was signed by Airbus' CCO Christian Scherer and EGYPTAIR's CEO Yehia Zakaria.
In addition to flydubai's order, Boeing also received an order from Ethiopian Airlines for 67 aircraft, including the previously grounded 737 MAX, as confirmed by CEO Mesfin Tasef. Meanwhile, Kazakhstan's SCAT Airlines President Vladimir Denissov placed an order for seven more 737 MAX aircraft.
The Dubai Airshow has been a platform for several other significant announcements. Emirates revealed a $1.2 billion deal with Safran (EPA:SAF) for seats across its Airbus A350-900 and Boeing fleets and a retrofit program for older models. Oman Air celebrated the arrival of its first 737-800 Boeing Converted Freighter.
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