What Happened
Confidence Remains High Despite Iran War Disruptions
Despite the challenges posed by the Iran war, Airbus remains optimistic about the long-term outlook for Gulf aviation. The company has not seen any cancellations of plane orders since the conflict began, and forecasts suggest the Middle East will require 3,830 new passenger aircraft over the next 20 years. With traffic in the region expected to more than double by 2045, Airbus believes the launch of Riyadh Air will help breathe new life into the market. This development was reported by Arab News.