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FINANCIAL NEWS
Boeing: ME carriers require USD470b worth of aircraft in 20 yrs
05 Dec 2012
(MENAFN) Boeing Commercial Airplanes’ marketing vice president, Randy Tinseth, stated that between 2012 and 2031, the Middle East will need USD470 billion worth of new airplanes, reported Arabian Business.
Tinseth said that during the 20-year period, the region would need 2,370 planes, adding that 31 percent of the airplanes will replace current fleet assets, and 69 percent will be needed to meet rapid growth.
He noted that twin-aisle aircraft, including the Boeing 777 and 787, will comprise 46 percent of the region’s new aircraft deliveries over the mentioned period, compared to 23 percent worldwide.
On the other hand, single-aisle planes, including Boeing 737, will represent 45 percent of regional deliveries, whereas large airplanes, including the Boeing 747, will comprise 8 percent of forecasted demand.
It is worth noting that the region’s carriers have a backlog of 882 planes at the current time, of which 62 percent are long-haul, twin-aisle and large aircraft.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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