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https://www.digitallook.com/news/in...rcraft-sales-over-next-20-years--2968404.html
Aeronautical giant Boeing said on Monday that airlines operating in the Middle East would need as many as 3,350 new aircraft over the next two decades, valued at roughly $730bn.
"Traffic growth in the Middle East is expected to grow at 5.6% annually during the next 20 years," said Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes.
"The fact that 85% of the world's population lives within an eight-hour flight of the Arabian Gulf, coupled with robust business models and investment in infrastructure, allows carriers in the Middle East to channel traffic through their hubs and offer one-stop service between many cities," he added.
Due to the region's proximity to the rest of the world strong long-term demand for twin-aisle airplanes, which had been expected to account for almost half of new airplanes delivered to the Middle East and more than 70% of the total sales value to the region at $520bn, was reinforced after Emirates announced a commitment to purchase 40 787-10 Dreamliners in a deal valued at $15.1bn.
The other half of new planes delivered to the Arabian Gulf would be single-aisle airplanes, such as the 737 MAX, with an estimated 1,770 of the vehicles being required to manage the growth of low-cost carriers.
"From training the next generation of pilots to creating tailored solutions and everything in between, the combined commercial and defence services market is estimated at $2.6 trillion over the next 10 years and includes strong opportunities in the Middle East," said Tinseth.
Meanwhile, around the rest of the world, Boeing forecasted a long-term demand for 41,030 new airplanes, valued at $6.1trn.
Aeronautical giant Boeing said on Monday that airlines operating in the Middle East would need as many as 3,350 new aircraft over the next two decades, valued at roughly $730bn.
"Traffic growth in the Middle East is expected to grow at 5.6% annually during the next 20 years," said Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes.
"The fact that 85% of the world's population lives within an eight-hour flight of the Arabian Gulf, coupled with robust business models and investment in infrastructure, allows carriers in the Middle East to channel traffic through their hubs and offer one-stop service between many cities," he added.
Due to the region's proximity to the rest of the world strong long-term demand for twin-aisle airplanes, which had been expected to account for almost half of new airplanes delivered to the Middle East and more than 70% of the total sales value to the region at $520bn, was reinforced after Emirates announced a commitment to purchase 40 787-10 Dreamliners in a deal valued at $15.1bn.
The other half of new planes delivered to the Arabian Gulf would be single-aisle airplanes, such as the 737 MAX, with an estimated 1,770 of the vehicles being required to manage the growth of low-cost carriers.
"From training the next generation of pilots to creating tailored solutions and everything in between, the combined commercial and defence services market is estimated at $2.6 trillion over the next 10 years and includes strong opportunities in the Middle East," said Tinseth.
Meanwhile, around the rest of the world, Boeing forecasted a long-term demand for 41,030 new airplanes, valued at $6.1trn.
