By: Amr Adel
Dubai – Mubasher: Deals and agreements signed during the 15th round of the Dubai Airshow 2017 which concluded on Thursday marked a record high of AED 417.6 billion ($113.8 billion).
The event, which is held once every two years in Dubai, logged an all-time record high of $206.1 billion in its 13th round held in 2013, whereas the second record high was achieved in 2007 at $155.5 billion, according to data compiled by Mubasher.
The 2017 event marks a 175% surge in the value of deals signed compared to the previous round held in 2015, which saw only $39.8 billion in agreements.
Daily deal updates
On the first day of the Dubai Airshow, deals signed amounted to AED 71 billion ($19.34 billion), while on the second day, companies signed AED 14 billion ($3.8 billion) in agreements.
The third day saw AED 26 billion ($7.1 billion) in deals, while the fourth marked the highest value of agreements signed with AED 282.5 billion ($77 billion).
The fifth and final day of the Dubai Airshow saw AED 4.5 billion ($1.23 billion) in signed agreements.
Top deals
On Wednesday, FlyDubai announced signing a $27-billion (AED 99.3 billion) deal to purchase 225 Boeing 737 MAX aircraft, with options to buy 50 additional aircraft.
On the same day, Airbus unveiled a major deal to sell 430 A320neo jets to four companies in Indigo Partners’ investment portfolio in consideration of around $50 billion. The jets will be delivered to four companies in Indigo Partners' investment portfolio, which are Frontier Airlines, Volaris, Wizz Air Holdings, and JetSmart.
During the five-day event, the UAE’s Armed Forces announced closing AED 14.7 billion ($4 billion) in deals.
Translated by: Nada Adel Sobhi
