💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Boeing sees steady Gulf demand, interest in mid-sized jet

Published 11/11/2017, 03:15 AM
Updated 11/11/2017, 03:20 AM
© Reuters. FILE PHOTO: Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo
BA
-

DUBAI (Reuters) - Boeing (N:BA) sought to dispel concerns about a slowdown in the growth of Gulf airlines as the aerospace industry gathered on Saturday for the Dubai Airshow.

Speaking to reporters on the eve of the showcase event, executives at the U.S. planemaker also played down the impact of growing political tensions in the region.

"Traffic is coming back and yields are improving and this is going to be a very positive backdrop to the Dubai Airshow," Marty Bentrott, vice president for Boeing's commercial sales in the region, said, citing higher profit at Dubai's Emirates.

He said Boeing had been asked to reschedule some deliveries according to a normal pattern, but had not seen cancellations since a rift between Arab nations and Qatar earlier this year.

© Reuters. FILE PHOTO: Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo

Boeing has seen strong regional interest in a proposed new mid-sized passenger jet, he added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.