Boeing forecasts long-term resilience and return to growth for Middle East aviation sector

Boeing anticipates demand for 2,945 new airplanes in the Middle East valued at $685 billion over the next two decades, as the industry recovers from the COVID-19 pandemic in the medium and long term. The projection is part of Boeing’s 2020 Commercial Market Outlook (CMO), an annual forecast of 20-year demand for commercial airplanes and services. Over the next 20 years, Boeing projects passenger traffic growth in the Middle East to increase by an average of 4.3% per year, above the global average of 4% growth per year. “In recent decades, several airlines in the Middle East have leveraged their