COVID-19 to dent Middle East demand for new aircraft by just 6%: Boeing

SourceArab News
SectorTransport
CountryMiddle east

COVID-19 to dent Middle East demand for new aircraft by just 6%: Boeing COVID-19 to dent Middle East demand for new aircraft by just 6%: Boeing The company’s latest market outlook forecasted the dip while also predicting global air traffic to rapidly return to pre-virus levels within the next three years. (Supplied) Short Url COVID-19 to dent Middle East demand for new aircraft by just 6%: Boeing The US plane-maker predicts air traffic back to pre-virus levels within 3 years The company’s latest market outlook forecasted the dip while also predicting global air traffic to rapidly return to pre-virus levels within the next three years Updated 18 November 2020 Follow @arabnews DUBAI: The impact of the coronavirus disease (COVID-19) pandemic is expected to result in only a 6 percent decrease in demand for new aircraft in the Middle East over the next two decades, according to US plane-maker Boeing. The company’s latest market outlook forecasted the dip while also predicting global air traffic to rapidly return to pre-virus levels within the next three years. The Seattle-based aviation giant expects that 2,945 new airplanes, valued at $685 billion, will be needed in the Middle East over the next 20 years, representing average growth of around 4.3 percent per year. This compares to ...read more...