The best passenger planes


Dubai Aerospace Enterprise

Dubai, prospering from near-record oilannounced the formation of Dubai
prices, plans to invest $20 billion toAerospace Enterprise as a holding
create a company that will lease planes,company with six operating subsidiaries.
develop airports and make aircraft partsDubai Aerospace Enterprise will be
to tap into growing demand for airchaired by Sheikh Ahmed bin Saeed al
travel in the Middle East and Asia. TheMaktoum, chairman of the Emirates
family ruled emirate, which owns theairline group and president of the Dubai
largest Arab airline, may buy as many asdepartment of civil aviation.
50 wide-body aircraft from Boeing andDubai's ambitious foray into the
Airbus in the next four years, saidaerospace industry will build on the
Rashid Al-Malik, project director forpresence the emirate has already
the planned company, which will beestablished in the aviation sector
called Dubai Aerospace. "It's notthrough the development of Dubai
surprising Dubai is moving into theseinternational airport and the rapid
activities because the whole focus ofexpansion of Emirates into one of the
the aerospace industry has shiftedworld's leading long-haul airlines.
eastward in recent years," said DougThe business concept here is to create a
McVitie, managing director of Arrannew hub for aviation, from the leasing
Aerospace, a forecasting company inand maintenance of planes to training
France.personnel at a new university to
Mr. Al-Malik said Middle Easternoperating other airports and even
governments including Dubai, Abu Dhabimanufacturing aircraft. It clearly makes
and Qatar had ordered as many as 300excellent business sense to lever off
aircraft for delivery in the next fiveEmirates position as a major buyer of
years and Dubai Aerospace would orderaircraft to promote the Dubai Aerospace
its first this year.Enterprise to the aircraft manufacturers
The Dubai Government at the weekendlike Boeing and Airbus.



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