Mideast aircraft fleet to more than double by 2041: Boeing

The Middle East region’s air passenger traffic and commercial fleet are projected to more than double over the next two decades, Boeing said in its 2022 Commercial Market Outlook (CMO), a forecast of 20-year demand. Middle Eastern carriers have successfully managed through challenges brought on by the pandemic by adjusting their business models and increasing usage of freighters to maximize revenue. 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. “The Middle East region, a popular connection point for international travellers 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.” Middle East airlines will require 2,980 new airplanes valued at $765b to serve passengers and trade. More than two-thirds of these deliveries will enable growth, while one-third will replace older airplanes with more fuel-efficient models such as the Boeing 737 MAX, 787 Dreamliner and 777X.<br/>