Boeing Forecasts $55bn Demand From Middle East

Middle Eastern airlines will need 2,610 new aircraft over the next 20 years, worth an estimated $550bn, says Boeing. One-third of that demand – or 900 aircraft – will be for replacement; 66 per cent will be for fleet expansion. Randy Tinseth, VP of marketing at Boeing Commercial Airplanes, said: "Over the last decade, we've seen a rise in low-cost carriers that have benefitted from a large youthful population, large migrant workforce and trends toward market liberalisation."

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