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Boeing forecasts need for 3,350 planes in the Middle East market over the next 20 years

Published: 14/11/2017 - Filed under: Home » News »

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When Boeing presented its 2017 Current Market Outlook (CMO) to the Dubai Airshow constituents, the numbers were impressive.  Currently the company estimates the need for 3,350 new airplanes over the next 20 years.  This is an estimated value of $730 billion to aircraft manufacturers. 

Middle East Boeing Market for Airplanes

"Traffic growth in the Middle East is expected to grow at 5.6 percent annually during the next 20 years," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "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."

In addition there will be services required to support this industry. 

"From training the next generation of pilots to creating tailored solutions and everything in between, the combined commercial and defense services market is estimated at $2.6 trillion over the next 10 years and includes strong opportunities in the Middle East," said Tinseth.

Emirates Airlines committed to purchasing 40 Boeing 787-10 Dreamliners at the airshow.  At current list prices, this deal is valued at $15.1 billion.  According to the outlook, almost 50 percent of the demand will come from twin-aisle aircraft in the Middle East. 

by Elizabeth Atkinson

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