Middle East Aviation: Flying As Fast As a Jet Engine
The latest forecast from the International Air Transport Association (IATA) shows that the Middle East is by far the fastest growth region in the world in terms of passenger numbers. Expanding at an expected 15% rate in 2013, it is well ahead of the anticipated 12.6% expansion in regional capacity. The association says that the region’s “successful hubs continue to connect long-haul traffic, with particular strength in facilitating connectivity to emerging economies in Asia and Africa.”
With 80% of the world’s population located within eight-hour flying time of the Middle East, the region is an attractive hub for the aviation industry. For its part, the African passenger market is expected to grow by 7.5% this year, the world’s third fastest, behind Latin America whose 9.8% rate puts it second.
So it’s no surprise that the Middle East and Africa region is an important market for GE Aviation, which has more than 100 customers in the region and more than 2,300 jet engines in service. As well, forecasts suggest that the Middle East and Africa region will require more than 3,200 new aircraft at a value of $590 billion by 2031.
GE Aviation recently hosted its annual Customer Summit in Cape Town, South Africa, ahead of the IATA’s Annual General Meeting in early June. Speakers emphasized the importance of cooperation between customers and manufacturers. During the two-day event, GE Aviation also gave customers a review of its updated product lines and services, including the GEnx, GE90/9X and LEAP engines and OnPoint Solutions, Flight Efficiency Services and the TRUEngine program.
Every year, GE Aviation invests more than $1.5 billion in R&D to continuously innovate and improve its products. The business is committed to safety and reliability in order to realize the right operational cost for the customer.
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