Boeing said Middle East airlines will need 3,350 new aircraft over the next 20 years valued at $730 billion. The bullish forecast for the region, released at the Dubai Air Show, projects 5.6% annual passenger traffic growth for Middle East airlines over the next two decades. Boeing Commercial Airplanes VP-marketing Randy Tinseth pointed out that 85% of the world’s population lives “within an eight-hour flight” of the Gulf. “Coupled with robust business models and ...

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