The Middle East region, which is driven by GCC-based carriers, will require more than 3,000 new airplanes by 2042, a forecast by planemaker Boeing has shown.
The Boeing forecast shows the region’s fleet will more than double by 2042 with new-technology widebodies leading the way.
Addressing a media roundtable on Thursday, Boeing vice-president (Commercial Marketing) Darren Hulst said widebody airplanes will comprise 45% of deliveries to Middle East airlines over the next 20 years ─ the highest percentage of the 10 global regions featured in Boeing’s Commercial Market Outlook (CMO) forecast.
The region’s fleet of dedicated freighters is projected to more than double to 180 jets by 2042, according to the CMO, Boeing’s annual long-term forecast of demand for commercial airplanes and services.
“Airlines in the Middle East have increasingly expanded their influence and reach, transforming the region into an international air transit hub,” said Hulst.
“Air travel and cargo demand continue to gain momentum, driven by significant economic growth and national development plans. As airlines in the region will require efficient and versatile fleet solutions, Boeing products will be ready to meet market demands,” Hulst noted.
The CMO projects delivery of 3,025 new commercial airplanes in the Middle East by 2042, including 1,350 widebodies.
Of the new aircraft, single aisle will comprise 1,570, freighters 70 and regional jets 35.
Many airlines in the region provide service between major population centres in Asia, Africa and Europe via growing hubs that offer efficient connectivity. As a result, a higher proportion of widebody aircraft are needed to carry larger passenger volumes.
The Middle East’s single-aisle fleet is also expected to more than double as low-cost carriers (LCC) and short-haul networks continue to develop and expand.
By 2042, nearly half of the region’s aircraft will be single-aisle jets.
The CMO (for the Middle East through 2042) shows two-thirds of new deliveries will support air traffic and cargo growth while one-third will replace older airplanes with more fuel-efficient models.
The total fleet will increase 2.4 times to 3,360 airplanes — 1,610 (48%) will be single aisles, while 1,520 (45%) will be widebodies.
The commercial fleet will generate demand for $335bn in aviation services including maintenance, repair, training and spare parts until 2042.
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