Current:Home > MyDubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon -Wealth Evolution Experts
Dubai Air Show opening as aviation soars following pandemic lockdowns, even as wars cloud horizon
View
Date:2025-04-25 23:20:08
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! (74557)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 1979 Las Vegas cold case identified as 19-year-old Cincinnati woman Gwenn Marie Story
- Counselors get probation for role in teen’s death at a now-closed Michigan youth home
- Xfinity hack affects nearly 36 million customers. Here's what to know.
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- Poland’s new government moves to free state media from previous team’s political control
- Florida deputy’s legal team says he didn’t have an obligation to stop Parkland school shooter
- What to know about the Colorado Supreme Court's Trump ruling, and what happens next
- A South Texas lawmaker’s 15
- News helicopter crashes in New Jersey, killing pilot and photographer, TV station says
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Top Hamas leader arrives in Cairo for talks on the war in Gaza in another sign of group’s resilience
- Kylie Minogue on success and surviving cancer: I sing to process everything
- Ohio woman charged with abuse of a corpse after miscarriage. What to know about the case
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Oklahoma teen spreads holiday joy with massive toy drive
- Boston mayor will formally apologize to Black men wrongly accused in 1989 Carol Stuart murder
- How the markets and the economy surprised investors and economists in 2023, by the numbers
Recommendation
Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
Tom Schwartz’s Holiday Gift Ideas Will Get You Vanderpumped for Christmas
Kylie Minogue on success and surviving cancer: I sing to process everything
Jury convicts boy and girl in England of murdering transgender teenager in frenzied knife attack
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Take a Tour of Jesse Tyler Ferguson and Husband Justin Mikita’s Los Angeles Home
Pablo Picasso: Different perspectives on the cubist's life and art
What would you buy with $750 a month? For unhoused Californians, it was everything