Boeing

Growing to New Heights in the Middle East

Boeing forms new partnerships and strengthens relationships at this year’s Dubai Airshow.

November 09, 2015 in Commercial, Defense

Boeing received orders from several airline customers, met with royalty and strengthened partnerships with companies in the Middle East during the first two days of this year’s Dubai Airshow.

Leaders from Boeing shared a regional outlook at the show for both commercial and defense, forecasting that airlines in the Middle East will need 3,180 new airplanes valued at an estimated $730 billion over the next 20 years. Defense demand also is seeing strong promise internationally, according to the outlook, with about 40 percent of Boeing Defense, Space & Security’s (BDS) backlog going to non-U.S. customers, including those in the Middle East and Asia-Pacific regions.

With the expanding opportunities in the region, Boeing announced its intent to establish its Middle East headquarters at Dubai South in Dubai’s fast-growing Aviation District.

Speaking at a private signing ceremony announcing the agreement, his High Highness Ahmed Bin Saeed Al Maktoum, said, “I congratulate Boeing on its strategic decision to establish its regional headquarters at Dubai South – a city that embodies Dubai’s aerospace vision. I am confident that the new address will deliver a solid advantage to Boeing as it seeks to expand its footprint in Dubai and in the region.”

Also at the show, Boeing President and CEO Dennis Muilenburg joined BDS President and CEO Chris Chadwick in meeting with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and deputy supreme commander of the United Arab Emirates Armed Forces. They discussed the geopolitical situation in the Middle East, the deployment of Boeing defense products and future collaboration.

Meanwhile, regional airlines demonstrated their ongoing commitment to Boeing. Etihad, the national airline of the United Arab Emirates, announced orders for two 777 Freighters, while Qatar, the first airline in the Middle East to fly the 787, celebrated its 25th 787 with a prominent static display.

The largest order of the show was announced by India’s Jet Airways, which confirmed its order for 75 737 MAX 8s. Highlighting the importance of the order, Naresh Goyal, Jet Airways’ chairman said, “We believe the Jet Airways and Boeing relationship will be taken to new heights.”

BDS also announced a new joint venture with Tata Advanced Systems Ltd. The joint venture will work with Boeing to manufacture aerostructures and create a manufacturing center of excellence that will begin work on AH-64 Apache fuselages.

“This is just the beginning, and we built an extremely strong foundation and partnership, which is going to be proud for all of us and proud for our customers who we service,” said Subramanian Ramadorai, chairman of Tata Advanced Systems Ltd.