Prince Walid bin Talal bin Abdul Aziz al-Saud is the first private buyer of the A380Airbus Seals $50bn Aircraft Deals
Airbus, the European aircraft manufacturer, has secured an order worth up to $50bn from Middle Eastern carriers at the Dubai Aerospace Air Show.The company is said to have scored a major victory over Boeing, its US rival, winning an order worth $31bn from Emirates, the Dubai-owned airline, for 70 Airbus A350 aeroplanes. Rolls-Royce is also a major beneficiary of the move, which may be worth as much as $8.4bn, as Rolls-Royce offers the only engine available on the Airbus airplane.
COMMENT: Gulf appetite - Walid, whose interests span from hotels and financial institutions, has ordered a VIP version of the A380, dubbed the "Flying Palace". He already owns a Boeing 747-400, the newest type of the original jumbo jet currently in service.
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