- Boeing (BA +0.3%) predicts airlines in the Middle East will require ~3,180 new airplanes over the next 20 years, compared to 2,950 aircraft in its 2014 forecast.
- Boeing expects 70% of new aircraft demand in the region will be for fleet expansion as Persian Gulf carriers continue their strong growth, with the industry worth ~$730B by 2035.
- Boeing sees demand for single-aisle airplanes or narrow-body aircraft such as its 737 enjoying the most growth, as the likes of low-cost carrier Air Arabia continue to see solid customer demand and replace older, less-efficient airplanes.