Airbus sees Mideast aircraft demand reaching $347 billion

Mon Nov 14, 2011 6:05am EST
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DUBAI (Reuters) - Airbus EAD.PA sees demand for 1,920 aircraft in the Middle East over the next two decades, worth $347 billion, it said in a statement on Monday.

The figures were part of the planemaker's global market forecast issued in September and are for 2011-2030 period.

Some of Airbus' biggest customers are in the Middle East -- including Emirates airline, the largest buyer of its A380 superjumbo -- and regional carriers appear keen to maintain expansion plans despite slowing global economic growth.

<p>An Emirates Airlines Boeing 777-300 aircraft takes off during the second day of the Dubai Airshow November 14, 2011. REUTERS/Nikhil Monteiro</p>