Percentage of World Widebody Aircraft Backlog for Middle Eastern Airlines

What Goes Up Must Come Down

• Middle East order backlog for widebody aircraft now totals about 700 aircraft.
• The order backlog in this region has risen rapidly from ten years ago and now represents about 30% of worldwide widebody aircraft orders.
• Of significance is the relationship between oil price and orders for widebody airplanes.
• As oil price increases, widebody orders increase for airlines in the Middle East as the region benefits from increased revenue from high oil prices.
• With oil now at lower levels, does the widebody aircraft backlog in the Middle East decline?
• History says, Yes.