Deals from the Dubai air show

(CNN) -- The most ostentatious deal signed at this year's Dubai Art Show was by Saudi billionaire, Prince Alwaleed bin Talal who shelled out around $300 million to upgrade his personal Boeing 747 to an Airbus A380 superjumbo.

Other multi-million deals signed by airlines including Emirates Airline, DAE Capital, Qatar Airways and Air Arabia are expected to top $80 billion.

Airbus earned the largest windfall, securing $28 billion in commitments, followed by Boeing.

"These are the largest deals for both Boeing and Airbus from these Middle Eastern Airlines," says Michael Burns, transportation analyst from Booz Allen Hamilton. "Rather than simply re-equipping, they are actually growing for new capacity. So they're ordering lots of new jets very quickly."

The new hubs in the Middle East are creating an impact on air traffic around the world, he adds. "They are taking traffic from all the regional centers in Europe, and funneling them into Asia, Australia and areas like Pakistan. And that means airlines are obviously having to build up capacity. They are expecting to see major growth over the next decade," he says.

Middle Eastern carriers are also starting to lease aircraft in addition to buying them outright, which further allows them to expand more rapidly.

Some of the deals signed at the show

Emirates Airline
From: Airbus
For: $34.9 billion (The largest-ever aircraft order in civil aviation and beating the total for the whole of 2005 event by US $13.6 billion)
Of: 120 A350s, 11 A380s, 12 Boeing 777-300E (total order includes 93 aircraft on firm order and 50 on option. The first A350 will be delivered 2014)

DAE Capital (off-shoot of DAE)
From: Airbus
For: $13.5 billion dollars
Of: 70 Airbus A320 and 30 A350 planes

Qatar Airways
From: Boeing
For: $6.1 billion
Of: 30 787 Dreamliners and five 777 Freighters (will be first Middle East Airline to operate both the 777 and 787)

Air Arabia
From: Airbus
For: $3.5 billion
Of: 50 Airbus A320 planes

Dubai Aerospace Enterprise (DAE)
From: GE Commercial Aviation Services
For: $1billion acquisition
Of: 20-aircraft deal, Boeing 737 next generation series and Airbus A320 series

LCAL
From: Boeing
For: $972 million
Of: 6 787-8 Dreamliners

Dubai Aerospace Enterprise (DAE)
From: Emirates Airline in a split purchase and leaseback deal that marked
For: $500 million
Of: 8 Airbus wide body Airbus A330-200s

NAS
From: Embraer
For: $348 million
Of: 5 Embraer 190 jets

Al Jaber Group
From: Embraer
For: $300 million (Single largest order for Embraer from the region)
Of: 5 Lineage 1000 and 2 Legacy 600

Al Jaber Aviation
Airbus
No exact figure BUT catalog prices of the two A318s would together be worth more than $110 million. The A380 sells for about $320 million apiece. 2 A318 Elite corporate jets, 2 A380 superjumbos

Wallan Aviation (KSA)
Cessna
Over $110 million
11 Citation business jets and 14 single engine aircraft

Wallan Aviation (KSA)
From: Smart Aviation (Egypt)
For: $80 million
Of: 5 Citation Sovereign aircraft

Yemenia
From: Airbus
Of: 10 Airbus A350 XWBs E-mail to a friend