Middle East after sale services to hit $200B: Boeing regional president

CAIRO - 4 December 2018: Boeing Middle East President Bernie Dunn told Egypt Today that the company estimates that its regional after sale services in the next 10 years will be worth $200 billion.

Only $90 billion will be generated from the defense division, while the rest will be the revenues of commercial sales.

The interview took place on the sidelines of EDEX - 2018 held on December 3 - 5. Dunn stated that sales are expected to hit $2.7 billion during the same period on the global scale. In order to expand in the Middle East in terms of civil aircrafts sales, Dunn said that Boeing has to supply 3,000 jetliners, which would require hiring 63,000 pilots, 62,000 engineers and technicians, and 92,000 crew members.

Dunn revealed that the global growth in the aviation market has recorded 6-7 percent, highlighting that only 20 percent of the world's population use air transportation.

The Boeing Middle East president said he visits Egypt twice a month, praising the deal with EgyptAir to supply six 787 Dreamliner planes, which save 15 percent of the flights’ cost. The first of those will be delivered in March.

Dunn said that the company is developing its after sale services offered by one of its divisions called Boeing Global Services, which is the outcome of merging the services sectors of Boeing Commercial Airplanes, and Boeing Defense, Space and Security. The company is also working on producing better and faster solutions to improve the life cycle of fleets worldwide.

Stan Deal, executive vice president of Boeing Company and president and chief executive officer of Boeing Global Services, said that the division provides competitive solutions in terms of cost in four types of business; those are supply chains, maintenance and engineering, digital aviation and analytics, and training.

Boeing offers its services for any type of aircraft regardless of the manufacturer. Services compose 70 percent of an aircraft’s costs throughout its life cycle.

The company displays in EDEX - 2018 its maintenance solutions offered to the Egyptian Armed Forces in reasonable prices for its fleets of Boeing Apache AH-64, and Boeing CH-47 Chinook as well as other aircrafts by different manufacturers.