ID :
120042
Mon, 05/03/2010 - 14:09
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https://oananews.org//node/120042
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UAE carriers set to drive regional air traffic growth
Dubai, May 3, 2010 (WAM)- Led by UAE-based carriers, the Middle East aviation industry will continue to defy global trends with fast-paced growth in the backdrop of a robust regional economic rebound in 2010, a leading aircraft maker forecast on Sunday according to a report in "Khaleej Times."
Spurred by a quick economic recovery, the Middle East region will witness an air passenger traffic growth of 6.6 per cent and a cargo traffic surge of 7-8 per cent in 2010, Boeing Commercial Airplanes said in its latest Market Outlook.
Backed by a predicted 2.2 per cent economic growth in 2010, and 5.4 per cent in 2011 and 5.8 per cent in 2012, the UAE carriers will be driving the overall regional air traffic growth, said Randy Tinseth, vice-president of Marketing, Boeing Commercial Airplanes.
The Middle East air traffic defied trends during the downturn with double-digit growth while all other regions contracted. “Tremendous opportunities exist given the economic growth, ambitious development plans and favourable geographic location,” said Tinseth.
However, airlines in the region will continue to suffer combined losses estimated at US$400 million this year before a turnaround in 2011, he said.
Carriers will be expanding their cargo and passenger capacities by investing significantly in twin-aisle airplanes, he said. Low cost carriers (LLC) will play a key role in driving the air traffic growth. The Middle East LCCs are set to expand capacity by more than 400 per cent led by Air Arabia and flydubai.
Boeing estimates that the region’s carriers will have total fleet requirements of 1,710 new aircraft from 2009-2028 valued at US$300 billion, he said.
Spurred by a quick economic recovery, the Middle East region will witness an air passenger traffic growth of 6.6 per cent and a cargo traffic surge of 7-8 per cent in 2010, Boeing Commercial Airplanes said in its latest Market Outlook.
Backed by a predicted 2.2 per cent economic growth in 2010, and 5.4 per cent in 2011 and 5.8 per cent in 2012, the UAE carriers will be driving the overall regional air traffic growth, said Randy Tinseth, vice-president of Marketing, Boeing Commercial Airplanes.
The Middle East air traffic defied trends during the downturn with double-digit growth while all other regions contracted. “Tremendous opportunities exist given the economic growth, ambitious development plans and favourable geographic location,” said Tinseth.
However, airlines in the region will continue to suffer combined losses estimated at US$400 million this year before a turnaround in 2011, he said.
Carriers will be expanding their cargo and passenger capacities by investing significantly in twin-aisle airplanes, he said. Low cost carriers (LLC) will play a key role in driving the air traffic growth. The Middle East LCCs are set to expand capacity by more than 400 per cent led by Air Arabia and flydubai.
Boeing estimates that the region’s carriers will have total fleet requirements of 1,710 new aircraft from 2009-2028 valued at US$300 billion, he said.
