Boeing (BA) Reports Projections for Middle Eastern New Airplane Market of $730B Over Next 20-Yrs
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Boeing Forecasts $730 Billion Market for New Airplanes in Middle East
November 13, 2017 5:30 AM ESTDUBAI, United Arab Emirates, Nov. 13, 2017 /PRNewswire/ -- Boeing [NYSE: BA] forecasts that airlines in the Middle East will need 3,350 new airplanes over the next 20 years, valued at an estimated $730 billion. Boeing presented its 2017 Current Market Outlook (CMO) for the region during the Dubai Airshow.
"Traffic growth in the Middle East is expected to grow at 5.6 percent annually during the next 20 years," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "The fact that 85 percent of the world's population lives within an eight-hour flight of the Arabian Gulf, coupled with robust business models and investment in... More
