...High oil prices are fueling one of the biggest transfers of wealth in history. Oil consumers are paying $4 billion to $5 billion more for crude oil every day than they did just five years ago, pumping more than $2 trillion into the coffers of oil companies and oil-producing nations this year alone....MOREReally?
Gulf airlines on shopping spree at Dubai air show
From AFP
Boeing Wins $13.7 Billion Order From Dubai Aerospace
From Bloomberg
Airbus Targets Record Annual Orders After Dubai Boost
From Bloomberg:
Airbus SAS, the world's biggest planemaker, forecast record orders this year, putting it on course to beat Boeing Co., after securing more than $50 billion of commitments at the Dubai Air Show.
From Aviation Week
Qatar 787 Order Signals Long-Term Commitment
From Dow Jones via CNN Money:
GE: Engine Alliance-Emirates Pact Valued Up To $3 Billion Total
From the Courier-Mail (AU):
Saudi prince buys himself a private A380 superjumbo
From the AP:
Saudi Prince Buying 'Flying Palace' Jet
In the annals of excess, it could be a new high: a more than $300 million dollar, super-sized luxury airplane, bought and outfitted solely for the private comfort of a Saudi Arabian billionaire.Once done, the Airbus A380, the world's biggest passenger plane, will be a "flying palace" for Prince Alwaleed bin Talal, the manufacturer announced Monday.
Airbus SAS would not give a specific price tag for the VIP double-decker jet, with its football field-length wings, saying only that it would cost more than the aircraft's list price of $320 million....MORE
Last word, from Gizmodo (click here for more pics.):
Click on thumbnails
