09 Nov 2015
(MENAFN) Airbus, the European multinational aerospace and Defense Corporation expects the Middle East to require 2,460 new aircraft worth USD590 billion through the next 20 years.
This staggering number is attributed to the strong growth which will occur, driven mainly by the regions big three carriers Emirates, Etihad Airways and Qatar Airways, which will alone need 1,800 aircrafts.
Moreover, unlike elsewhere in the world where single aisle aircraft sales dominate, Airbus anticipates the Middle East will mainly require twin aisle and very large aircraft over the mentioned period.
However, the France-based behemoth’s chief executive officer explained that “Egypt is going through a rough period with tourism down but aviation will be a big part of their growth going forward.”
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more