My Account Menu

CAPA Login

Register to trial CAPA Membership!

Boeing increases growth expectation for Middle East aviation industry; 1,710 new aircraft by 2028

17-Nov-2009 11:59 AM

Boeing increased its growth expectations for the Middle East aviation industry, with the manufacturer expecting Middle East carriers to require 1,710 new aircraft by 2028, at a value of USD300 billion, up from last year's estimate of approximately 1,550 aircraft valued at approximately USD260 million (Gulf News, 17-Nov-2009). Of those new aircraft, approximately half will be required by UAE-based airlines. The manufacturer added that it expects the Middle East fleet to double over the next 20 years, as GDP growth is expected to be over 3.8% in the region between now and 2028, with air travel growth to average 6.6%.