• Home
• /
• Business

Boeing secures $10 billion worth of Arab orders

DEAD SEA, Jordan - US plane manufacturer Boeing Co. BA.N has secured over $10 billion of plane orders from Arab carriers in the last three years fuelled by growth in passenger traffic and an economic boom, a senior company official said on Sunday.

“If you look over the last three years we have got about 150 orders across the Arab air carriers,” Lee Monson, senior vice president, Middle East and Africa commercial sales, told Reuters on the sidelines of an economic conference in Jordan.

“The total value right now is about $10 billion,” he said, adding the orders were mainly for Boeing 777 planes, 747-Dash 8 freight and the next generation 787 models.

The plane manufacturer was also engaged in negotiations with undisclosed Arab carriers for major orders this year, Monson said, declining to give details.

“We are in significant discussions with several airlines across the entire model family in the Arab world,” Monson said.

Boeing also made a deal last week worth $2.26 billion with the Kuwaiti aircraft leasing firm Alafco to sell 12 Boeing 787-8 Dreamliner planes, and six Boeing 737-800 planes, he said.