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
Turkish Airlines launches "Year of Troy 2018”
Emirates to launch a daily service to Edinburgh from Oct 1
Etihad Airways flies Boeing Dreamliner to Casablanca and adds service to Rabat
Latest Travel News
Warner Bros. World™ Abu Dhabi to open on...
Emirates to launch a daily service to Ed...
Etihad Airways flies Boeing Dreamliner t...
Featured Sights To See
What to do with Children in Tow

What to do with Children in Tow

Cape Town, South Africa

South African Museum and Planetarium The fossil gallery and the whale well are fascinating and contain skeletons dating back to over 300 million years ago. Children are bound to enjoy these exhibits. Timings: Daily 10 A.M- 4:30 P.M Admission: R 20 [Adult], R 12 [Children]- entrance to both the Planetarium + Museum Address: Between Queen Victoria Street and Government Avenue Tel:...

Siam Ocean World

Siam Ocean World

Bangkok, Thailand

This is a fantastic aquarium that is absolutely massive. Children and adults alike will love to watch the sharks and penguins being fed and can gaze for hours on end at the under water creatures through the glass which encloses the deep reef zone.   Address: Th Phra Ram 1 Tel: 02687-2000 Website: www.siamoceanworld.com  ...

Sidi Mahrez Mosque

Sidi Mahrez Mosque

Tunis, Tunisia

Named after the patron of Tunis, Sidi Mahrez Mosque has a very powerful presence in the medina. Depicting Turkish architecture at its peak, the mosque was made by the Ottoman rulers during the 17th century to give reverence to the pious saint and as a token of gratitude for his contribution in opening up ramparts and mosques in the city. As an ancient rule, only Muslim tourists are allowed to ...

Megarama Cinema

Megarama Cinema

Casablanca, Morocco

Megarama cinemaplex has several theatres showing different films in English, Arabic and French. Address: Boulevard de la Corniche, Ain Diab, 20000 Casablanca Tel: +212 22 79 88 88                    ...