UAE Business: ME needs 3,000 planes, market worth $1.4trn: Boeing – Gulf Digital News

UAE Business: ME needs 3,000 planes, market worth $1.4trn: Boeing – Gulf Digital News

Boeing has said that airlines in the Middle East will require 3,000 new airplanes valued at $700 billion and aftermarket services such as maintenance and repair worth $740 billion, with the region positioned to capitalise on the recovery of regional and international travel and cargo demand. 

 

Boeing provided the estimate in its 2021 Commercial Market Outlook (CMO), a forecast of 20-year demand for commercial airplanes and services.

 

Middle East passenger traffic and the region’s commercial fleet are projected to more than double over the 20-year forecast period, according to the CMO. More than two-thirds of airplane deliveries to the Middle East will accommodate growth, while one-third of deliveries will replace older airplanes with more fuel-efficient models such as the 737 MAX, 787 Dreamliner and 777X.

 

Boeing managing director of Commercial Marketing for the Middle East Randy Heisey said: “The Middle East region’s role as a global connecting hub continues to be important for developing markets to and from Southeast Asia, China and Africa. The region has been a leader in restoring confident passenger travel through multi-faceted initiatives that aid international travel recovery.”

 

Air freight represents an area of opportunity for Middle East airlines, with the freighter fleet projected to nearly double from 80 airplanes