Orders for new aircraft from Gulf-based airlines at the just-concluded Farnborough Air Show testify to continued optimism about aviation growth in the Middle East while the global aviation industry is troubled by mounting fuel bills.
FlyDubai, the new low-cost airline announced by Dubai Government earlier this year, rounded off its first trip to the Farnborough Air Show with orders totalling $750 million for engines and winglets.
Turboprops, propeller-driven planes shunned for being slow and noisy, are enjoying a renaissance as airlines seek more efficient short-haul aircraft to counter soaring fuel prices.
