Home Economics & PolicySky’s the limit for aviation growth

Sky’s the limit for aviation growth

Aircraft manufacturers must love the Gulf Cooperation Council (GCC) right now. In a time of global caution GCC countries keep filling the order books of many aircraft manufacturers.  On the military side, Oman in December 2012 placed a $3.75 billion order for British-assembled Typhoon and Hawk planes. Saudi Arabia’s orders for military aircraft from the United States last year entailed 84 new F15 fighter jets and 84 upgrades, along with orders for assorted helicopters and transport aircraft. In commercial aviation, low-cost and full-service carriers in the GCC have made large purchases of single-aisle airliners in recent years, in addition to making global headlines with mega-sized orders for 90 Airbus A380s by Emirates and 40 Boeing 787s by Etihad in the United Arab Emirates, plus 30 B787 orders by Qatar Air.  The aggressive growth of GCC-based carriers and defense investments by regional governments are great news for aircraft manufacturers. Yet the

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