UAE aircraft demand still strong

19.09.2009 UAE

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Demand for aircraft in the UAE is still strong, according to projections made by plane manufacturer Airbus.
Air traffic is expected to thrive in the wake of UAE authorities pumping in about Dh75 billion ($20.5 billion) to expand aviation infrastructure.
This includes Dh45 billion in Dubai and Dh25 billion in Abu Dhabi to develop and expand airports.
Aircraft demand in the UAE over the next two decades, from 2009 to 2028, is estimated to touch $114.2 billion (Dh420 billion) and make the country the world's sixth biggest aviation market, according to Airbus' latest projections.
However, this figure is less than the value of aircraft Emirates... and Etihad - the UAE's two biggest airlines - have ordered in the past few years.
Combined aircraft orders by the UAE-based carriers have exceeded 400 planes with a book value exceeding $128 billion. This includes orders worth $72 billion placed by Emirates... and orders worth $43 billion placed by Etihad....

Some 25,000 new passenger and freight aircraft valued at $3.1 trillion will be delivered from 2009 to 2028, averaging 1,248 aircraft per annum, according to Airbus' latest Global Market Forecast.
Among these, 16,977 are slated to be single-aisle aircraft while 6,245 are expected to be twin aisle. The remaining 1,729 aircraft will be very large aircraft type (B747 and A380s), Airbus said.
While the United States, China, the United Kingdom, India and Germany top the list of the world's top five buyers of aircraft in terms of volume and value, the UAE's high demand makes the country the sixth biggest aircraft customer in terms of value.


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