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Airbus says Middle East regional aircraft to more than double by 2044

Airbus says Middle East regional aircraft to more than double by 2044

By Swedan Margen

Fashion

Airbus expects the Middle East’s regional aircraft fleet to more than double to 3,700 planes by 2044, an official said on Sunday (Nov 16).

The European planemaker expects passenger traffic in the Middle East to grow at a compound annual rate of 4.4 per cent over the next two decades, Airbus Head of Marketing in Africa and the Middle East Grainne van den Berg told a press conference.

Airbus also expects the services market in the region to double to US$29.9 billion by the end of 2044, van den Berg added.

The forecast came ahead of the Dubai Airshow, the largest Middle East aviation event taking place on November 17-21.

Airbus, which is among the planemakers taking part as it vies for orders with its main competitor Boeing, predicts widebody aircraft will make up 42 per cent of total demand in the region by 2044, representing the highest share globally.

“The Middle East is transforming global aviation, and the forecast fleet expansion is truly significant, particularly when it comes to widebodies,” said Airbus President in Africa and Middle East Gabriel Semelas.

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Boeing officials said the planned co-operation announcement would come within the next week or so and that overall trainer demand spanned major markets including Europe and Asia.

“This region is becoming the long-haul hub now and into the future,” Semelas added. REUTERS

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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