Current:Home > FinanceDubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon -WealthFlow Academy
Dubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon
NovaQuant Quantitative Think Tank Center View
Date:2025-04-08 16:11:28
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! (97789)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Federal appeals court upholds Maryland’s ban on assault-style weapons
- Judge keeps alive Vermont lawsuit that accuses police of force, discrimination against Black teen
- Federal indictment accuses 15 people of trafficking drugs from Mexico and distributing in Minnesota
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Chemical vs. mineral sunscreen: Dermatologists explain types of UV protection
- 4 hotel employees charged with being party to felony murder in connection with Black man’s death
- I signed up for an aura reading and wound up in tears. Here's what happened.
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Billy Bean, MLB executive and longtime LGBTQ advocate, dies at 60
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- New England’s largest energy storage facility to be built on former mill site in Maine
- American Cole Hocker pulls Olympic shocker in men’s 1,500, leaving Kerr and Ingebrigtsen behind
- New York dad learns his 2 teenage daughters died after tracking phones to crash site
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Johnny Wactor Shooting: Police Release Images of Suspects in General Hospital Star's Death
- PHOTO COLLECTION: AP Top Photos of the Day Tuesday August 6, 2024
- Devin Booker performance against Brazil latest example of Team USA's offensive depth
Recommendation
Meet first time Grammy nominee Charley Crockett
Simone Biles wore walking boot after Olympics for 'precautionary' reasons: 'Resting up'
USA's Tate Carew, Tom Schaar advance to men’s skateboarding final
Serena Williams, a Paris restaurant and the danger of online reviews in 2024
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Carly Pearce berates concertgoer after alleged confrontation: 'Get out of my show'
Armand “Mondo” Duplantis breaks pole vault world record in gold-medal performance at Olympics
4 hotel employees charged with being party to felony murder in connection with Black man’s death