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The Minister of Economy said this project could be worth €90 million and can create 300 new jobs.

Premium Aerotec is the EADS division create this year that plans to expand to Romania. Aerotec currently has factories in Varel, Nordenham and Augsburg, Germany.

EADS previously delivered five helicopters to the Romanian Ministry of Internal Affairs. The company is also renegociating a contract with the Romanian government for the Integrated State Border Securization, which assumes the removal of border controls.

The task is to build more than 1,710 new planes in value of $300 billion, since during this period the passenger traffic is also expected to increase with 4.9 % each year. This growth is due to several statistics showing that markets and people’s incomes will rise in the Middle East over the next years, as well as in India and China.

We see tremendous growth for the Middle East region, and Middle East carriers are well-positioned to meet those growth requirements with the fleet capacity they have in the form of unfilled orders, or backlog, said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes, during the Dubai Air Show.

Other top plane makers like Airbus said that the airline industry will probably revive by the next year. This way there are high hopes that airline companies will start making new big money from the beginning of 2011 after serious efforts will be done to straighten up the global economy. Airbus is back on track, managing to sign a deal with Yemenia Airways for 10 A320 aircraft valued for $700 million at list prices, while other jets are still pending.

The Middle East carriers, that would benefit from this investment, will surely include the UAE’s Emirates, the Arab world’s biggest airline. Also further figures show that the Middle East and Asia Pacific air travel market will speed up with 6.3 percent from 2008 to 2028. The passenger and his/her choosing will determine the success of airlines in the area, but companies must meet people’s requirements. Thus, by promoting more flight choices, lower fares and direct access to a wider range of destinations, companies might get the benefit. This way, it’s not the size of the plane that matters, but the number of flights in the area with more efficient airplanes.

According to the Journal, Ryanair was one of the biggest airlines that accomplished a possible order for 200 of its 737 model for more than a year. In case the order did not continue to be successful then the carrier would lower its evaluation.

“The difficulty has just been in getting someone in Boeing to make a decision. Boeing seem to have a degree of internal turmoil,” said O’Leary

O’Leary also added that if Ryanair did not conclude an agreement with Boeing until the end of the year, the company would have to reduce growth ratio up till 2012, by means of cancellations and some deferral charges. It meant that from 2012 the business would begin to run from maximized revenue.

But according to The Irish Times, O’Leary wanted to clinch a bargain with Boeing in order to defect to European rival Airbus in the past. But it did not work as the route was closed off by Airbus. It happened so because Airbus did not agree to sell aircraft to Ryanair at the knock-down prices offered by O’Leary.

The Source blog considered that the situation could be different at that moment. And the possibility of ending the partnership between Boeing and Ryanair occurred. It would be inability to think things out to interpret O’Leary’s threats to Boeing as empty ones. Without any doubt Ryanair was able to leave behind Boeing as Ryanair has more than EUR2.5 billion in cash on reserve that was considered to be a peculiar position of strength for any major airline.

A new state owned Russian airline Rosavia informed recently that Airbus and Boeing had proposed their bids for the Russia’s tender for 50 firm narrow body orders. The decision on the order will be taken on December 20, 2009.

But at the same time Turkish Airlines had also negotiations with Airbus and Boeing at which an order for 70 aircraft was discussed. The price of the order is USD5 billion. But it is still uncertain whether the deal will be divided among them or a single manufacturer will get it. A timeframe for the order is still unknown.

It is expected that Qatar Airways will soon announce about new aircraft deals at the Air Show that will take place in Dubai on November 15, 2009.

In case Airbus or Boeing got big shares from these orders, it would result in a satisfactory close of, generally, not a very successful year and a preferential position in the battle for orders. If orders are placed, that would also serve as a positive sign for the next year for the manufacturer and aerospace sector.

Because of a number of cancellations, Boeing fell behind Airbus this year. One can say that the European manufacturer is considered to be behind it US competitor concerning new orders but it has the less number of cancellations.

Income Report Made by Safran

Safran, a French aerospace company, reported about its income results for the nine months to 30-Sep-2009. According to the report its income went up by 1.7% and the total income went down by 3.5% on an organic basis.

According to Jean-Paul Herteman, group CEO, the global financial downturn affected two major operating units of the company – Aerospace Propulsion and Aircraft Equipment with actually no organic growth. Safran decided not to give a detaoled outlook for 2010 but mentioned the year is going to be challenging.