Subscribe free to our newsletters via your
. 24/7 Space News .




AEROSPACE
Boeing Projects $450 Billion Market for Airplanes in the Middle East
by Staff Writers
Dubai, UAE (SPX) Nov 17, 2011


An estimated 1,160 single-aisle jets, such as the Boeing 737 MAX, and 1,110 twin-aisle airplanes, such as the Boeing 777 and 787 Dreamliner, are expected to be delivered to the region.

Boeing forecasts that airlines in the Middle East will need an estimated 2,520 airplanes worth $450 billion by 2030. The forecast comes as the region's carriers continue to surpass global air traffic and capacity growth rates.

Boeing estimates that the Middle East's fleet of passenger airplanes will grow from a current fleet of 1,040 airplanes to a projected 2,710 airplanes, an increase of 160 percent. 34 percent of the projected demand will be for airplanes to replace current aircraft, while 66 percent will be part of fleet expansion plans as the region's airlines gear up for significant growth over the next two decades.

"The Middle East has seen an unprecedented growth in capacity over the past 10 years and every indication points to a further, significantly large increase over the next 20 years," said Boeing Commercial Airplanes Vice President of Marketing Randy Tinseth, who presented Boeing's Current Market Outlook at the 2011 Dubai Air Show.

"The region's airlines with their forward thinking approach have become a competitive force globally."

Single- and twin-aisle airplanes will account for 90 percent of the Middle East's new airplane deliveries over the 20-year period, according to the Boeing forecast. An estimated 1,160 single-aisle jets, such as the Boeing 737 MAX, and 1,110 twin-aisle airplanes, such as the Boeing 777 and 787 Dreamliner, are expected to be delivered to the region during this time.

The remaining ten percent is split between large airplanes such as the Boeing 747-8 Intercontinental and will account for 7 percent of projected demand, with an estimated 180 airplanes to be delivered to airlines in the Middle East. Regional jets will account for the remaining 3 percent.

"The collective capacity of three airlines, Emirates Airline, Etihad Airways and Qatar Airways has grown by an average of 23 percent annually over the past decade and we expect this trend to continue well into the future.

All three airlines base their growth strategies on the principle that newer, more efficient airplanes will provide a competitive advantage over their rivals from Europe and Asia," Tinseth said.

"This visionary approach of investing in the future has allowed the region's airlines to stay ahead of the competition."

"With a range of airplanes that fulfill the region's requirement for capacity expansion and improved operating efficiencies, Boeing is well positioned to meet the region's needs," he added.

As of September 14, 2011, Boeing had a backlog of 300 airplanes in the Middle East. Customers in the region count for a large share of Boeing's twin-aisle backlog, accounting for 26 percent of 777s and 15 percent of 787s on order. Boeing currently has a total of 47 customers in the region that operate an estimated 1,200 flights per day on 425 Boeing airplanes.

The Boeing Current Market Outlook report can be found here

.


Related Links
-
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
Boeing off to flying start at Dubai Airshow
Dubai (AFP) Nov 13, 2011
Emirates Airlines launched Dubai Airshow on Sunday with a record $18-billion order for 50 Boeing 777s, giving the US company a flying start on its European rival Airbus at the prestigious event. The United Arab Emirates meanwhile appeared to raise the stakes in its negotiations with France to buy Rafale fighter jets after Eurofighter said the Gulf state has invited it to make a counter offer ... read more


AEROSPACE
Mystery of the Lunar Ionosphere

Ancient Lunar Dynamo May Explain Magnetized Moon Rocks

Ancient Lunar Dynamo May Explain Magnetized Moon Rocks

Lunar Probe to search for water on Moon

AEROSPACE
'Frustration' in Europe over joint Mars probe: NASA

NASA readies launch of 'dream machine' to Mars

Contact with Russian Mars probe 'unlikely' - expert

Mars explorers will include women, experts say

AEROSPACE
Allianz and International Space Transport Association partner in space tourism industry

US honors astronauts for pioneering space flights

Raytheon and Petrofac Partner to Provide Water Survival Training at NASA

Voyager 2 Completes Switch to Backup Thruster Set

AEROSPACE
New advance in space, new start for China

Why China in space is a blessing to the world

China completes second space docking

China sets up management body for orbiting space lab

AEROSPACE
Soyuz Docks At ISS, Hatch Opened

Soyuz TMA-22 manned transportation spacecraft launched towards ISS

New Crew Launches to Join Expedition 29

Russia sends astronauts back to space after mishaps

AEROSPACE
First Vega launch campaign aims for January liftoff

Air Force Opens Door to Rocket Launch Competition

International Launch Services and Eutelsat Announce Launch of the W3D Satellite in 2013

ILS and Eutelsat Announce Launch of the W3D Satellite in 2013

AEROSPACE
Giant planet ejected from the solar system

Three New Planets and a Mystery Object Discovered Outside Our Solar System

Dwarf planet sized up accurately as it blocks light of faint star

Herschel Finds Oceans of Water in Disk of Nearby Star

AEROSPACE
Samsung to release modified tablet in Germany

Rare earth metal shortages could hamper deployment of low-carbon energy technologies

Hungary likely source of elevated radioactivity levels: IAEA

Hewlett-Packard unveils its first "ultrabook" laptop




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement