Boeing forecasts Middle East fleet to more than double by 2041

Sep 20, 2022

Boeing forecasts Middle East fleet to more than double by 2041

San Francisco [US], September 20: Boeing said on Monday that the Middle East region's passenger traffic and commercial fleet are projected to more than double over the next two decades.
The company announced its estimate in the 2022 Boeing Commercial Market Outlook (CMO), a forecast of 20-year demand.
Looking ahead, the region's fleet is forecasted to expand to 3,400 airplanes to serve fast-growing passenger traffic as well as cargo demand, Boeing said.
Passenger traffic in the region is expected to grow at 4 percent annually. Middle East airlines will require 2,980 new airplanes valued at 765 billion U.S. dollars to serve passengers and trade. More than two-thirds of the deliveries will enable growth, while one-third will replace older airplanes with more fuel-efficient models, the company anticipated.
Air cargo traffic flown by Middle East carriers has continued its growth of recent years. Two of the world's top five cargo carriers by tonnage are based in the region. To serve future demand, the Middle East freighter fleet is projected to reach 170 by 2041, more than doubling the pre-pandemic fleet, according to Boeing.
"The Middle East region, a popular connection point for international travelers and trade, is also growing as a starting point and destination for business and leisure passengers," said Randy Heisey, Boeing managing director of Commercial Marketing for the Middle East and Africa, and Russia and Central Asia Regions. "The region will continue to require a versatile fleet that meets the demands of airline and air-cargo business models."
The region also will require 202,000 new aviation personnel, including 53,000 pilots, 50,000 technicians and 99,000 cabin crew members in the next 20 years, according to Boeing's 2022 Pilot and Technician Outlook.
Source: Xinhua