Airbus expects Middle East to require 1,418 new passenger aircraft between 2009 and 2028

Airbus stated it expects Middle East carriers to require 1,418 new passenger aircraft valued at USD243 billion between 2009 and 2028 (Mena Report, 16-Nov-2009). Airbus stated it expects the region's aircraft requirements to include 561 'single-aisle' aircraft, 668 'twin-aisle' aircraft and 189 'very large' aircraft. By 2028, the region's passenger fleet will, according to Airbus, almost treble from the 586 passenger aircraft at the beginning of 2009 to 1,681. Of these 586 passenger aircraft, newer models will replace 323 ageing aircraft, 221 will be recycled and 42 will remain in service, according to Airbus. Airbus also anticipates the region will average annual passenger growth rates of 6.4% over the next ten years and 5.4% between 2019 and 2028, with a 20-year growth rate of 5.9% (compared to a world average of 4.7%).