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FINANCIAL NEWS
UAE to receive USD223.9b worth of jets in 20 yrs
05 Sep 2012
(MENAFN) Airbus announced in its latest Global Market Forecast that in two decades, the UAE will buy USD223.9 billion worth of planes, becoming the world’s third single largest market for new planes deliveries, reported Khaeej Times.
The passenger jets manufacturer said that during the coming 20 years, the oil rich country will receive 882 jets.
The European company added that the Middle East will contribute largely to global passenger traffic during the coming years, as emerging economic regions would account for more than half of all traffic growth in the next 20 years.
It is worth noting that China is the world’s main aircraft market, with new orders worth USD634 billion, followed by the US at USD544 billion.
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