Every industry has conferences, some are local, some are regional, some are national, and a few are international. If you are in the industry, you should know what conferences are important to the company and which ones will solidify the operations for the future. In the world of passenger aircraft, the most important airshow is the British French air show which alternates between the two countries. In the world of passenger airplanes, 2 companies dominate the industry Boeing and Airbus.

With the rise of OPEC countries and their desire to diversify from oil wealth, although their economies are still dependent on oil and gas exports. If you were an economic development planner, you would want to ensure your country is a hub country which means multiple airlines fly into your country and the airport. The airport, the hotels, the retail uses, and distribution facilities all create and maintain permanent year around jobs. The government of Dubai is trying to do that.

In an article by Jon Gambrell of the Associated Press, the government through Emirates is connecting cities on all continents non-stop to Dubai.

Emirates opened the Dubai Air Show with a purchase of $52 billion of Boeing aircraft which includes 90 Boeing 777 aircraft, 55 of them are 777-9 and 35 will be 777-8.

Its low cost sister airline, Fly-Dubai, spend $11 billion to buy 30 Boeing 787-9 Dreamliners.

When the last plane is delivered, Emirates will have 205 Boeing Dreamliners.

According to the International Air Transport Association, Middle Eastern airlines, air traffic is now up to 97% of pre-COVID levels.

Emirates the company announced a record 6-month profit of $2.7 billion which is up from $1.2 billion a year earlier.

In terms of Boeing and Airbus, according to Phil LeBeau of CNBC Auto and Airline Industry Reporter, Boeing has a 7-year backlog and Airbus has 9-year backlog. Boeing reported its October orders were 117, the year to date is 841, October deliveries were 34 and year to date has delivered 405 airplanes. That is good news if you are a Boeing shareholder.

Linking to dividend paying stocks, all companies make announcements but sometimes companies showcase the announcements at conventions to gain maximum media exposure. If your industry tends to do that, then you can compare what happened a year ago. In the case of Boeing the passenger aircraft is the largest part of their business and having a 7 year backlog is a good thing to know and begin your homework if you want to own shares in the planes you fly in.

There are more questions than answers, till the next time – to raising questions.