Airbus and Boeing forecast continued strong ordering in the Middle East
There is little doubt that the Middle East will become a centre of increasing importance in aviation over the next 20 years. The confluence of economic growth, local governments with ambitious air transport development plans and its favourable geographic location are fast turning the region into a next generation global long-haul hub. Long-term forecasts from Airbus and Boeing put the region’s RPK growth for the next two decades at 6.6-6.9% p/a, better than a third ahead of the world average forecast of 4.7-4.9% p/a. With this amazing development expected, the Middle East is taking on increasing importance to the major aircraft manufacturers. Both Airbus and Boeing have released updated global market outlooks, forecasting continued significant ordering from the region.
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