Bank Of Baku

Middle East requires over 1,920 aircraft worth over $347 bln

Middle East requires over 1,920 aircraft worth over $347 bln
# 14 November 2011 14:25 (UTC +04:00)
Baku - APA-Economics. European aircraft manufacturer Airbus has upgraded its Middle East market forecast raising the demand from 1,882 aircraft worth $336 billion to 1,921 - worth $347 billion between 2011 and 2030.

Of these, 1,882 are passenger aircraft ($336.3 billion) and 39 are freighter aircraft ($11.1billion).

"The main drivers of the continued strong demand for new aircraft include fleet expansion and replacement, greater urbanisation, an increasing number of mega cities and the overall ongoing expansion of the region as a geographical hub and tourist destination. With today’s aircraft capabilities every major destination around the globe is within reach of a direct flight from the Middle East," Airbus said in a briefing today at the Dubai Airshow.
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