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MIDDLE EAST ORDERS FOR NEW AIRCRAFT BURSTING AT US$730-BILLION

Date published 20.11.2017

BOEING has claimed new aircraft orders in the Middle East of US$730-billion and calculated airlines in the region will need 3,350 new aircraft over the next 20 years. Airport hubs, diverse business models and infrastructure investments will drive the demand.

The numbers are part of Boeing’s 2017 current market outlook for the region and were revealed at the Dubai Airshow earlier this month.

The company said traffic growth in the Middle East was projected to grow at a rate of 5.6 percent annually over the next 20 years.

Randy Tinseth, Commercial Airplanes’ VP Marketing explained: “The fact that 85 percent 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.”

Twin-aisle aircraft are expected to make up nearly 50 percent of the new orders and more than 70 percent of the value, at US$520-billion.

Emirates has committed to purchase 40 Boeing 787-10 Dreamliners, in a deal valued at $15.1-billion.

Worldwide, the manufacturer expects long-term demand for 41,030 new aircaft worth US$6.1-trillion to replace older, less efficient models, benefiting airlines and passengers and stimulating growth in emerging markets and enabling innovation in airline business models.


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