James McNerney | Al Bawaba

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Gulf airlines are competing with each other for a share of traffic flooding through the region, due to its strategic location between East and West, and with many recession-hit European airlines strapped for cash, their business is becoming increasingly important to Boeing and Airbus.

November 18th, 2013 - 03:55 GMT

Spoiled much? Gulf airlines splurge more than their countries' GDP's on new aircrafts at Dubai Airshow

To put things in perspective, the $200 billion figure spent on day one of the Dubai Airshow is higher than the GDP of all Gulf states (except Saudi Arabia), and almost seven times the GDP of Jordan and Yemen.