Dubai
Demand for commercial aircraft from Middle Eastern airlines is expected to reach 2,990 aircraft, valued at a total of $754 billion, according to the latest report from Boeing.
The American aircraft manufacturer on Tuesday revised its 20-year forecast for commercial aeroplanes higher on the back of growing passenger traffic and upcoming aeroplane retirements.
In its report, presented at the Farnborough International Airshow, Boeing said it expected to see global demand for 42,730 new jets over the next 20 years, valued at $6.3 trillion. The report predicts a 4.1 per cent increase in the total number of aeroplanes compared to the previous forecast.
For the Middle East specifically, Boeing said, “While most of the deliveries to this region in the past decade [have] been used for fleet growth, we forecast a large replacement requirement to emerge within the coming decade, driven in part by the availability of new-technology aeroplanes such as the 787 and the 777X.”
“The region also has a substantial fleet of older, single-aisle aeroplanes, which provides opportunities for replacement with new aircraft like the 737 MAX.”
Of the new 42,730 new aircraft set to be in demand globally, 44 per cent will be to replace older aircraft, while the rest will support airlines’ growth plans.
