Airline

Boeing expects to do booming business with Middle East

May 10 - US plane maker, Boeing, hopes that it will do great business with the Middle East in the next 20 years and will sell commercial airplanes worth Dh550.94 billion to airlines here, said Randy Tinseth, Vice-President Marketing at Boeing Commercial Airplanes. Boeing has a market share of 40 per cent in the region at the moment and hopes to increase by 10 per cent in the next 20 years. "From around 800 planes at present, the Middle East will require 1,800 planes 20 years from now, with airlines in the region requiring over 1,700 aircraft valued at $300bn. Our goal is to achieve 50 per cent market share and we have a lot of opportunities after we have had success with regional aviation firms," he said.
Boeing’s main competitor in the region is Airbus that has a pretty good position in the region. The plane maker hopes to beat Airbus by the new fleet of planes that will be launched next year. While the company has seen order cancellations from around the world, including the Middle East, Tinseth said that the future looks promising. "Last year things started to turn around and here in the Middle East the market continued to grow even in the downturn. Economy has grown, airlines have taken deliveries of aircraft and we see double-digit growth in passengers being carried," he added.
Meanwhile, Boeing has a backlog of 261 airplanes from MENA, and the UAE would be its most important market in this regard. "Globally, the UAE is ranked fourth, after USA, China and Germany," said Tinseth.
 

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
flydubai will fly to Tashkent from 11 Ma...
ATM Dubai to launch Holiday Shopper on 2...
Agoda partners with Saudi Ministry of ...
Featured Sights To See
Esselworld & Water Kingdom

Esselworld & Water Kingdom

Mumbai, India

Esselworld is Mumbai’s favorite amusement park with 34 exciting rides and games. The Water Kingdom, a part of this complex, is a delight for those who love water sports.  Eighty-foot drops, white -water rapids lazy rivers and wave pools are all part of Water Kingdom. Hordes of tourists as well as locals throng to this site, especially in summer. Look out for monsoon deals and special packages...

Petronas Towers

Petronas Towers

Kuala Lumpur, Malaysia

The Southeast Asian equivalents of the Empire State Building, the Petronas Towers are Kuala Lumpur’s most iconic buildings.  They were the tallest in the world from their completion in 1998 until 2004, when they were surpassed by Taipei 101.  The Petronas Towers rise to a height of 378m (450m including the spires).  The frame was constructed with reinforced concrete, and becau...

Medeu Dam

Medeu Dam

Almaty, Kazakhstan

Address: just ahead of the Medeu Ice Skating Rink A large, 6 million cubic meters reservoir, situated 1900 meters above sea level, built in 1956 to protect Almaty from frequent landslides in the spring due to melting of ice. You can go see the dam either by car or on foot – park your car at the skating rink. Going on foot is definitely a much more enriching experience – you can never get eno...

Lucerna Passage

Lucerna Passage

Prague, Czech Republic

A 1920s Art Nouveau shopping arcade that runs below the Lucerna Palace this place has a cafe and club but the biggest sight here is a quirky sculpture by renowned artist David Cerny. If you want to see his sculpture, just look up: it is hanging from the atrium, depicting King Wenceslas astride the belly of a dead, upside down horse. Location: Stepanska 61                      {load...