COVID-19 to dent Middle East demand for new aircraft by just 6%: Boeing
- Date: 18-Nov-2020
- Source: Arab News
- Sector:Transport
- Country:Middle 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
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)
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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
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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