Major aircraft orders announced at the Dubai Airshow are poised to significantly boost the UK economy. These deals will secure thousands of jobs in the UK’s manufacturing and engineering sectors, especially in Derby, Wales, and Bristol.
Billions in Aero Deals at the Dubai Airshow
Airlines such as Emirates and Etihad have entered substantial agreements for Airbus aircraft, which play an essential role in enhancing UK industry. The recent announcements reflect a strong commitment to UK engineering and manufacturing capabilities.
Impact on the UK Economy
The UK Export Finance agency is supporting this initiative with a £2.7 billion package. This aid is aimed at helping British firms secure contracts related to a £27 billion project for the construction of the world’s largest airport in Dubai.
- 34 widebody aircraft orders feature wings designed in Bristol and manufactured in North Wales.
- Engines for these aircraft are provided by Rolls-Royce, headquartered in Derby.
Strengthening UK-UAE Relations
The aircraft orders exemplify the deep economic ties between the UK and the UAE. In 2022, bilateral trade reached a record £24.8 billion. This trade collaboration enhances opportunities for over 14,000 British companies that export to the UAE annually.
Statements from Officials
Chris Bryant, the Trade Minister, emphasized the significance of the aircraft deals during his visit to the Airshow. He stated that these contracts represent a vote of confidence in UK manufacturing and a testament to the effectiveness of the Government’s strategies.
“It was inspiring to see so many British businesses at the Dubai Airshow,” he remarked. “These wins reflect our commitment to advancing UK aerospace and securing skilled jobs across the country.”
Future Aviation Projects
The UK Export Finance agency is also exploring possibilities to provide up to $3.5 billion for the Al Maktoum International Airport project in Dubai. This airport aims to become a global hub, employing revolutionary sustainability technologies.
British suppliers can anticipate significant opportunities across various sectors, including:
- Consultancy and operational services
- Construction and manufacturing
- Airport technologies and security systems
Further Developments in Trade Agreements
Additionally, Minister Bryant is in discussions to advance a UK-GCC trade agreement. Such an agreement could potentially increase trade between the UK and Gulf Cooperation Council by 16 percent, contributing over £1.6 billion to the UK’s GDP.
Aircraft Orders Summary
| Airline | Aircraft Model | Quantity |
|---|---|---|
| FlyDubai | A321neo | 150 (MoU) |
| Emirates | A350-900 | 8 (Additional Order) |
| Etihad Airways | A330-900 | 6 (Firm Order) |
| Etihad Airways | A350-1000 | 7 (Increasing total to 27) |
| Ethiopian Airlines | A350-900 | 6 (Firm Order) |
| Air Europa | A350-900 | Up to 40 (MoU) |
| Buraq Air | A320neo Family | 10 (MoU) |
| Silk Way West Airlines | A350F | 2 (Additional to total of 4) |
In conclusion, the major aircraft deals at the Dubai Airshow signify not just growth for the UK’s aerospace sector but also underscore the strengthened trade relationships between the UK and UAE.
