Boeing forecasts booming airplane market in Middle East

Boeing forecasts booming airplane market in Middle East
Some Boeing employees are voting Thursday on unionization. (Source: WCSC)

NORTH CHARLESTON, SC (WCSC) - Boeing is predicting a big demand for airplanes in the Middle East over the next 20 years.

The airplane manufacturer estimates that will require 3,180 new airplanes at a value of $730 billion dollars. While Boeing expects most of the demand will be in single-aisle airplanes, the company expects twin aisle aircraft, including the Dreamliner, to be in higher demand in the Middle East compared to other parts of the world.

"About 80 percent of the world's population lives within an eight-hour flight of the Arabian Gulf," marketing executive Randy Tinseth said. He said that allows carriers in that region to create hubs offering one-stop service between cities that wouldn't otherwise be able to offer direct flights.

"Traffic growth in the Middle East continues to grow at a healthy rate and is expected to grow 6.2 percent annually during the next 20 years," Tinseth said.

Boeing assembles the 787 Dreamliner at the company's North Charleston facility.

Boeing has predicted long-term global demand for 38,050 new airplanes, valued at $5.6 trillion.  
 
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