Boeing Sees $745 Billion Middle East Aviation Services Market Through 2037
February 11 2019 - 5:43AM
Dow Jones News
By Colin Kellaher
Boeing Co. (BA) on Monday said it expects the Middle East will
need $745 billion in aviation services through 2037 amid growing
passenger and freight traffic and a surge in demand for commercial
aircraft.
The Chicago aerospace giant said its forecast reflects expected
demand for almost 3,000 new commercial airplanes in the Middle East
over the next 20 years, more than tripling the existing fleet in
the region.
Boeing said it expects nearly 218,000 new personnel, including
60,000 pilots, 63,000 technicians and 95,000 cabin crew, will be
needed in the Middle East over the next 20 years.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 11, 2019 06:28 ET (11:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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