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Tue 12 Nov 2019 01:52 PM

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Middle East's commercial aircraft market forecast to be worth $1.5trn by 2039

Boeing believes 40% of defence and space opportunities in the next 10 years will come from outside the US

Middle East's commercial aircraft market forecast to be worth $1.5trn by 2039

Boeing will have a seating-mock up and virtual reality experience to offer visitors a closer look at the 777x.

The Middle East’s commercial airplane and services market will be worth more than $1.5 trillion over the next 20 years, according to US aerospace giant Boeing.

Boeing also believes that 40 percent of defense and space opportunities over the next 10 years will originate outside the United States, with particularly strong opportunities in the Middle East.

In a statement, Boeing said that it will focus on “safety, innovation and industry partnerships” at the upcoming Dubai Airshow between November 17 and 21.

At the show, Boeing will display a 360-degree theatre which it will use to showcase its capabilities, as well as an interactive display of Boeing’s latest aircraft and services.

Additionally, the firm will have a seating-mock up and virtual reality experience to offer visitors a closer look at the 777x.

Boeing will also have a Boeing 787-9 Dreamliner on the runway, in addition to an Etihad 787-9, Emirates 777-300ER and Boeing Passenger Air Vehicle. 

The US Department of Defense will also display a number of Boeing platforms at the show, including an F-15E, an MV-22 tiltrotor and a KC-46A tanker. The UAE’s military will also showcase a CH-47E Chinook.

In late October, Boeing reported a sharp drop in Q3 earnings due to the ongoing grounding of the Boeing 737 Max, but said it still expects regulatory approval this year to return the plane to service.

The company booked an additional $900 million in costs due to the Max as it reported much lower profits than analysts expected. The top-selling Max has been grounded since mid-March following two deadly crashes.

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