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Posted at 11:32am on Nov. 13, 2007 Emirates in Elephant Airliner Deal, Win for Airbus [Updated]
Boeing Gets a little slice
By blackhedd
Story here. The United Arab Emirates hosted their own airshow this weekend, and they announced a deal to buy Airbus products with a nominal value over $30 billion.
Our hometown team, the Boeing Commercial Airplanes division, got a much smaller order from Emirates. This story is noteworthy for several reasons.
Update: The central bank governor of the United Arab Emirates was quoted as saying that several Gulf states (also including Kuwait) may abandon their domestic currency pegs to the US dollar. Since these countries get paid for oil in dollars but import goods mostly from Europe, the weak dollar is generating big inflation for them.
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