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Boeing forecasts long-term resilience and return to growth for Middle East aviation sector

2 mins read

The FINANCIAL — Boeing anticipates demand for 2,945 new airplanes in the Middle East valued at $685 billion over the next two decades, as the industry recovers from the COVID-19 pandemic in the medium and long term. The projection is part of Boeing’s 2020 Commercial Market Outlook (CMO), an annual forecast of 20-year demand for commercial airplanes and services.   The 2020 CMO reflects the impact of the pandemic and Boeing’s view of near-, medium- and long-term market dynamics globally and regionally. Commercial aviation and services markets will continue to face significant challenges earlier in the 20-year forecast, while showing resilience…

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Boeing forecasts long-term resilience and return to growth for Middle East aviation sector

2 mins read

The FINANCIAL — Boeing anticipates demand for 2,945 new airplanes in the Middle East valued at $685 billion over the next two decades, as the industry recovers from the COVID-19 pandemic in the medium and long term. The projection is part of Boeing’s 2020 Commercial Market Outlook (CMO), an annual forecast of 20-year demand for…

Boeing’s Australian “Loyal Wingman” aircraft completed first taxi

1 min read

The FINANCIAL — The Boeing Loyal Wingman aircraft being developed with the Royal Australian Air Force (RAAF) recently moved under its own power for the first time, a key milestone for the aircraft that’s expected to make its first flight this year. “Air Force partners with industry to ensure we can find innovative solutions to…

Boeing is keeping its promise to power the manufacturing facilities using 100% renewable energy

1 min read

The FINANCIAL — Boeing is advancing its pledge to power worksites and manufacturing facilities using 100% renewable electricity with a new, multi-state agreement to purchase carbon-neutral power for its Chicago headquarters, along with other sites in Illinois, Indiana, Ohio and Pennsylvania. “This announcement is another major step in Boeing’s drive to reduce the carbon footprint…

Boeing to Showcase ‘Low Earth Orbit to Deep Space’ Portfolio at IAC

1 min read

The FINANCIAL — Boeing will participate in the International Astronautical Congress (IAC) – The CyberSpace Edition, which is taking place Oct. 12-14, with an innovative virtual exhibit online at iac2020.vfairs.com. Developed to simulate an actual booth at the show, the exhibit will showcase the CST-100 Starliner Commercial Crew spacecraft; the International Space Station (ISS) orbiting laboratory;…

Virgin Galactic shares soar as space tourism expectations rise

3 mins read

The FINANCIAL — Shares of Virgin Galactic surged nearly 25% which is highest one-day increase since April. The stock in total has gained 78% this year. Bank of America analyst Ronald Epstein set a $35 price target, more than double Virgin Galactic’s closing price on Friday. Epstein believes the commercial space market will hit $1.4 trillion by…