In order to further establish itself as the number one aircraft manufacturer and boost its revenue, Boeing announced Monday, November 16, that it will start to produce more jets in the Middle East for the next 20 years.

The task is to build more than 1,710 new planes in value of $300 billion, since during this period the passenger traffic is also expected to increase with 4.9 % each year. This growth is due to several statistics showing that markets and people’s incomes will rise in the Middle East over the next years, as well as in India and China.

We see tremendous growth for the Middle East region, and Middle East carriers are well-positioned to meet those growth requirements with the fleet capacity they have in the form of unfilled orders, or backlog, said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes, during the Dubai Air Show.

Other top plane makers like Airbus said that the airline industry will probably revive by the next year. This way there are high hopes that airline companies will start making new big money from the beginning of 2011 after serious efforts will be done to straighten up the global economy. Airbus is back on track, managing to sign a deal with Yemenia Airways for 10 A320 aircraft valued for $700 million at list prices, while other jets are still pending.

The Middle East carriers, that would benefit from this investment, will surely include the UAE’s Emirates, the Arab world’s biggest airline. Also further figures show that the Middle East and Asia Pacific air travel market will speed up with 6.3 percent from 2008 to 2028. The passenger and his/her choosing will determine the success of airlines in the area, but companies must meet people’s requirements. Thus, by promoting more flight choices, lower fares and direct access to a wider range of destinations, companies might get the benefit. This way, it’s not the size of the plane that matters, but the number of flights in the area with more efficient airplanes.