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Boeing sees recovery in Middle East faster than rest of the world

28-Apr-2010 9:18 AM

Boeing Capital Managing Director for Middle East, Africa and India, John Matthews, stated (27-Apr-2010) the Middle East market is recovering faster than the rest of the world. [more]

Boeing Capital: "In general, the view remains that the markets have turned, and the Middle East seems to be recovering faster than the rest of the world, with the exception of Asia. Passenger traffic in the region never shrank and now it's coming back quite well. Our airline planning conferences, the annual financier and investors conference and smaller events like our financier roundtables are helping to generate more interest in aircraft financing in the region. Some of the signs that point to this include the recently announced ACG-CAIF joint venture in Egypt and the NBAD/DVB joint venture in Abu Dhabi. We are seeing people that we have worked with over the years taking their knowledge with them and sharing it with others as they move to other institutions, and that is very encouraging," John Matthews, Managing Director for Middle East, Africa and India. Source: Boeing, 27-Apr-2010.