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1). Dubai Aerospace Enterprise By : V.P.
Dubai, prospering from near-record oil prices, plans to invest $20 billion to create a company that will lease planes, develop airports and make aircraft parts to tap into growing demand for air travel in the Middle East and Asia. The family ruled emirate, which owns the largest Arab airline, may buy as many as 50 wide-body aircraft from Boeing and Airbus in the next four years, said Rashid Al-Malik, project director for the planned company, which will be called Dubai Aerospace.
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