Saudi Gazette - Middle East aviation market valued at $550b in 2 decades:
"Middle East financial institutions in 2013 continue to surpass expectations for new delivery financing of Boeing commercial airplanes, the leading manufacturer reported at its annual financiers and investors conference for the Middle East, Africa and South Asia region held in Dubai Wednesday.
The positive trend comes as the world’s airliner builders expect record deliveries in 2013, with Middle East support for US-built jetliners doubling between 2011 and 2012 to approximately $6.4 billion.
“From the time historically when Middle East institutions funded about one-fifth of the region’s deliveries with their own capital, this year we expect to have two-thirds of Boeing deliveries here covered, which is a seven percent increase over 2012’s explosive growth,” said Rich Hammond, a senior director of Boeing Capital Corporation, the manufacturer’s financing and leasing unit and an event co-host."
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