Current:Home > reviewsDubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon -VitalWealth Strategies
Dubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon
View
Date:2025-04-19 02:43:59
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! (24382)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Is pot legal now? Despite big marijuana news, it's still in legal limbo.
- Jersey Shore's Pauly D Shares Rare Update on Life With 10-Year-Old Daughter Amabella
- Trump’s comparison of student protests to Jan. 6 is part of effort to downplay Capitol attack
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- 32 Mother’s Day Gift Ideas Under $10 That Your Mom Will Actually Use
- 'The Fall Guy' review: Ryan Gosling brings his A game as a lovestruck stuntman
- Student protesters reach a deal with Northwestern University that sparks criticism from all sides
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Biden to travel to North Carolina to meet with families of officers killed in deadly shooting
Ranking
- All That You Wanted to Know About She’s All That
- Potential shooter 'neutralized' outside Wisconsin middle school Wednesday, authorities say
- Astros send former MVP José Abreu down to minor leagues to work on swing amid slump
- What is May Day? How to celebrate the spring holiday with pagan origins
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Watch as throng celebrates man eating massive bucket of cheeseballs at NYC park
- Elon Musk says Tesla aims to introduce a $25,000 model in 2025
- Ryan Gosling and Mikey Day reprise viral Beavis and Butt-Head characters at ‘Fall Guy’ premiere
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
The Book Report: Washington Post critic Ron Charles (April 28)
Student protests take over some campuses. At others, attention is elsewhere
Why Olivia Culpo Dissolved Her Lip Fillers Ahead of Her Wedding to Christian McCaffrey
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Biden to travel to North Carolina to meet with families of officers killed in deadly shooting
Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
Maine governor will allow one final gun safety bill, veto another in wake of Lewiston mass shootings