Airbus Looks Beyond Big Gulf Three to Spur Mideast Growth - Bloomberg Business

Airbus Looks Beyond Big Gulf Three to Spur Mideast Growth - Bloomberg Business:



"Airbus Group NV is looking beyond the big three Gulf airlines to capture growth in the Middle East and North Africa as it predicts other carriers will account for about two-thirds of total sales in the region by 2032.



With a “bonanza” of orders in recent years from Emirates, Qatar Airways Ltd. and Etihad Airways PJSC unlikely to be repeated anytime soon, Airbus is targeting smaller airlines from Saudi Arabia, Egypt, Algeria, Tunisia or Morocco, said Habib Fekih, president of Airbus Group Middle East.



“The big three can maybe grab 30 to 35 percent of the forecast fleet demand, but the rest has to go somewhere else,” Fekih said in a telephone interview. “I don’t see an airline ordering hundreds of aircraft every year.”"



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