DUBAI, Nov 16 (Reuters) - Airbus expects the Middle
East's regional aircraft fleet to more than double to 3,700
planes by 2044, an official said on Sunday.
The European planemaker expects passenger traffic in the
Middle East to grow at a compound annual rate of 4.4% over the
next two decades, Airbus Head of Marketing in Africa and the
Middle East Grainne van den Berg told a press conference.
Airbus also expects the services market in the region to
double to $29.9 billion by the end of 2044, van den Berg added.
The forecast came ahead of the Dubai Airshow, the largest
Middle East aviation event taking place on November 17-21.
Airbus, which is among the planemakers taking part as it
vies for orders with its main competitor Boeing ( BA ), predicts
widebody aircraft will make up 42% of total demand in the region
by 2044, representing the highest share globally.
"The Middle East is transforming global aviation, and the
forecast fleet expansion is truly significant, particularly when
it comes to widebodies," said Airbus President in Africa and
Middle East Gabriel Semelas.
"This region is becoming the long-haul hub now and into the
future," Semelas added.