Airbus nails US$30B in new plane orders at Dubai Airshow

The largest deal came from the Middle East's biggest carrier, the Dubai-based Emirates, which announced it would be buying 20 additional wide-body Airbus A350s, bringing its total order for the aircraft to 50 in an agreement worth $16 billion at list price. That deal, however, replaces a $21.4 billion agreement struck in February to purchase 70 Airbus aircraft, which had included 40 of the A330neo. Delivery is slated to start in 2023.

It comes as one of the country's main carriers, Abu Dhabi Etihad Group, announced recently a joint venture with Air Arabia to launch Air Arabia Abu Dhabi, the first low-cost airline based in Abu Dhabi. Despite its troubles, the Max won a vote of confidence from at least one buyer at the airshow. Turkey's SunExpress announced a purchase of 10 additional 737-8 Max jets, bringing its overall order of the plane to 42. The deal is valued at $1.2 billion, but it's likely the airline will negotiate for a better deal as Boeing talks to airlines about compensations for the grounding of the aircraft and reaches settlements with relatives of victims who perished.

It's not the first major order for the jet since its grounding. In June, a mere two months after the second Max jet crashed, one of the world's largest airline groups -- IAG -- announced its intention to purchase 200. With fuel costs eating up around a quarter of airline spending, Douglas said the goal of the Greenliner is to be 20% more fuel efficient than other aircraft in Etihad's fleet.

Etihad has reported losses of $4.75 billion since 2016 as its strategy of aggressively buying stakes in airlines from Europe to Australia exposed the company to major risks.This year, Etihad flew the world's first passenger flight using sustainable biofuel made from a plant that grows in saltwater. It also became the first in the Middle East to operate a flight without any single-use plastics on board.

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