Tuesday, 4 December 2012

Aircraft demand to soar in Middle East as orders expected to hit $470bn - The National

Middle East airlines will acquire 2,370 new airliners, worth an estimated US$470 billion (Dh1.72 trillion), over the next 20 years, according to a market forecast from Boeing.

A new survey by the US plane maker shows that long-range, twin-aisle aircraft - such as Boeing's 777 and 787 Dreamliner and the Airbus A330 - will lead the Middle East's order books, reflecting the global priorities of the region's leading carriers, Etihad Airways, Emirates Airline and Qatar Airways.

It forecasts that from this year through 2031, 730 aircraft, equivalent to 31 per cent of the region's fleet, will be bought to replace current aircraft. The remaining purchases will be driven by the rapid growth of air travel in the region.

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