Monday, November 12, 2007

High oil prices push giant shifts in wealth, power

From the Houston Chronicle:
...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....MORE

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.):

VIP Edition 787 Dreamliner Still Kicks Airbus' Butt With Style
Click on thumbnails