Show Report Dubai Airshow
DYNAMIC DEALS DEFINE Dubai AirShow
Dubai Airshow is a major draw for aerospace majors from across the globe. This year also, UAE’s Ministry of Defence signed contracts worth billions of dollars with suppliers during the Dubai Airshow.
The total value of contracts awarded for commercial aircrafts and defence purposes during the Airshow reached Dh266 billion in the first three days
Photograph: DubaiAirshow / Twitter
By Ayushee Chaudhary Deals have always been something to look forward to in any airshow and Dubai Airshow 2021 was no different, rather it had more. The total value of contracts awarded for commercial aircrafts and defence purposes jumped by Dh63 billion on the third day itself of the Airshow, reaching Dh266 billion in the first three days. The Airshow further established the importance of international cooperation as critical for the global aviation sector especially to return to pre-pandemic levels. Some of the notable deals which took place during the event included:
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ISSUE 11 • 2021
• The UAE’s Ministry of Defence signed AED 22.5 billion worth of contracts with European, American and Asian contractors and suppliers at the Airshow. The UAE Air Force and Air Defence (Afad) on the first day awarded a contract worth Dh11 billion to Abu Dhabi-based advanced technology firm Edge Group’s subsidiary GAL for the maintenance, repair and overhaul (MRO), and specialised support services for the UAE Airforce and Air Defence. • Tawazun Economic Council (Tawazun) and Airbus signed a Memorandum of Understanding (MoU) under which the
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