Friday
28
Apr 2017

Middle East needs 3,180 new airplanes over next 20 years

Rate this item
(0 votes)
Boeing 767 300 Boeing 767 300 Boeing.com

DUBAI, United Arab Emirates-  Boeing forecasts airlines in the Middle East will require 3,180 new airplanes over the next 20 years, valued at an estimated $730 billion. 70 percent of the demand is expected to be driven by rapid fleet expansion in the region.

According to the Boeing Current Market Outlook (CMO), single-aisle airplanes such as the 737 MAX will command the largest share of new deliveries, with airlines in the region needing approximately 1,410 airplanes. These new airplanes will continue to stimulate growth for low-cost carriers and replace older, less-efficient airplanes.

"Traffic growth in the Middle East continues to grow at a healthy rate and is expected to grow 6.2 percent annually during the next 20 years," said Randy Tinseth, Vice President, Marketing, Boeing Commercial Airplanes. "About 80 percent of the world's population lives within an eight-hour flight of the Arabian Gulf. This geographic position, coupled with diverse business strategies and investment in infrastructure is allowing carriers in the Middle East to aggregate traffic at their hubs and offer one-stop service between many city pairs that would not otherwise enjoy such direct itineraries."

Twin-aisle aircraft will account for a little under half of the region's new airplane deliveries over the 20-year period, compared to 23 percent globally. This is demonstrated by the strong order book and deliveries for the 787 and 777, underlining how Boeing is meeting customer demand in the region by focusing on enhancing passenger experience and improving operating economics and capability.

Boeing's presence and support for the Middle East also includes a growing aftermarket services business that continues to expand offerings to better support regional airlines.

Boeing's Commercial Aviation Services is a leading provider of aftermarket services in the Middle East, supporting airlines throughout the lifecycle of their fleets from airplane introduction to retirement. Boeing's Component Support Programs, a segment of Boeing's GoldCare Services suite, are particularly successful with three new 787 operators in the region contracting Boeing to ensure reliable, timely, and cost effective component management.

"Over the course of our 70 year presence in the Middle East, Boeing has been working with customers to ensure we provide airplanes and services that support their aerospace ambitions," said Tinseth. "Boeing is well-positioned to continue to address demand in the Middle East and provide airlines in the region with the capability to serve their expanding global networks."

Boeing has forecasted long-term global demand for 38,050 new airplanes, valued at $5.6 trillion. These new airplanes will replace older, less efficient airplanes, benefiting airlines and passengers and stimulating growth in emerging markets and innovation in airline business models.- Boeing

Nov. 4, 2015

 

Last modified on Saturday, 14 November 2015 14:18

Travel Trade Fairs 2017

CMT, Stuttgart, Germany, January 14 -22

Vakantiebeurs,Utrecht Netherland,Jan.10-15

ASEAN Tourism Forum Singapore,Jan.16-20

TTF Bengaluru 2017, India, January 13-15

FITUR, Madrid , Spain, January  18-22

Adventure Travel Show,London,Jan. 21 - 22

IMTM 2017, Tel- Aviv , February 7-8

AIME Melbourne, Australia February 12-22

SATTE, New Delhi, India February 15 – 17

BLTM, Mumbai , India ,February 21-23

OTM Mumbai 2017, India February 21-23

GITF, Guangzhou China February 23- 25

ILTM Japan ,Tokyo, Japan 27 Feb -1 Mar

ITB, Berlin, Germany March 8-12

MITT, Moscow, Russia Mar 14 – 16

NATAS 2017, Singapore March 2017

VITM, Hanoi, Vietnam April 12-15

ATM Dubai, 2017 April 24-27

KOTFA 2017, Seoul , ROK  June 1-4

ITE , Hong Kong , June 15-18

Paris Airshow Paris, France June 19-25

BITE, Beijing, China , June 23-25

ITE HCMC,Ho Chi Minh city ,Sept . 7-9

PATA Travel Mart, Macau September 13-15

JATA Tourism Expo, Tokyo,Sept. 21-24

IFTM , Paris , France Sept. 26 – 29

ITB Asia , Singapore October 25 - 27

WTM London , November 6-8

CITM , Kunming , China November 2017                

 Window of Nepal Tourism News

www.nepaltournews.com

Connecting you with the world of Travel & Tourism

TravelBizNews.com builds your business network

Global Tourism News

Stay updated with news and views

Window of World Tourism News

www.travelbiznews.com

Email us your latest news releases concerning travel and tourism  This email address is being protected from spambots. You need JavaScript enabled to view it.  

Submit news stories:This email address is being protected from spambots. You need JavaScript enabled to view it.

Sales enquiries:        This email address is being protected from spambots. You need JavaScript enabled to view it.

Proud to be associated with