Middle East aviation sector eyes 10% annual growth.

By bne IntelliNews December 5, 2011
The commercial aviation sector in the Middle East region is expected to grow by an annual 10% in the next few years, Gulf News informed citing a report by the UK-based aviation research firm Official Airline Guide (OAG). The Middle East, along with India, will account for 11% of the world's aircraft deliveries over the next decade. The growth will be driven by a steady increase in inbound tourism, development of large airports and enhanced investor confidence. According to IATA, the Middle East carriers raised capacity by 8.8% in January to October 2011, when demand grew by 8%.

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