The UAE is on track to emerge as the world’s third single biggest market for new aircraft deliveries with total orders worth $223.9 billion in 20 years, said Airbus, the world’s leading manufacturer of passenger jets.
The European aircraft maker, raising its global industry forecast for aircraft deliveries by about five per cent, said the UAE would take delivery of 882 aircraft in the next 20 years as across the globe there would be a demand for some 28,200 passenger and freighter aircraft (of 100 seats or more) between 2012 and 2031 worth nearly $4 trillion.
China heads the world’s top 10 aircraft markets with new orders worth $634 billion, followed by the US at $544 billion. Indian will be fourth market with new aircraft orders valued at $173.7 billion.
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