The news story focuses on the 3,000 airplanes that Middle East operators would order by 2040.
As per stakeholders in the supply chain Boeing, airlines in the Arab World would like to add 2,980 extra passenger airliners to the service in the upcoming 20 years.
According to Randy Heisey, who is currently the general director of corporate branding for Boeing’s Middle East & Africa region, the airplanes will be required to accommodate the economy’s exponentially growing demands both for the passengers and freight aircraft.
At a news conference that was held on Monday in Dubai, UAE he declared, “The Middle East, a popular connectivity point for leisure tourists and business, is also expanding as a starting place and destination for both business and leisure travellers.”
Approximately $765 billion is anticipated to be spent by the Middle East operators to acquire the additional flights, of which more than two-thirds will just be manufacturer delivery, and also the remainder, as well as the remainder will be older models.
Its inventory prediction arrives as Airbus anticipates a 4 percent every year increase in passenger traffic following the Covid-19 pandemic, which brought down the whole global aviation industry
The region, meanwhile, has recovered more swiftly than other sectors because governments in the area responded to the pandemic quickly, enabling an early start to air transport operations.
The Dubai International Airport (DXB), being one of the busiest airports in the world, had seen an increase in passenger traffic of 161.9 percent in the first six months of 2022. In the months through June, the airport saw 27.9 million passengers, or 67.5 percent more than before the pandemic.
In the same time period, the airport handled nearly 155,000 flight movements, up 55.9% from the previous year and 87 percent of pre-pandemic levels.
According to Boeing, the Middle East region’s active fleet as of this writing is 93%, which is higher than the global average.
Nearly 3,000 jets will be ordered by Middle Eastern airlines by 2040 as the travel industry recovers.
More than two-thirds of the additional jets will be new deliveries, and the other third will be used to replace older models, according to estimates that Middle Eastern airlines will spend around $765 billion on them.
According to the main supplier Boeing, carriers in the Middle East want to add 2,980 new commercial aircraft to their fleet over the next 20 years. With 1,290 deliveries anticipated in the near future, there is also a considerable demand in the region for larger aircraft.
According to a senior Boeing executive, there is still more possibility for growth in the global aviation industry, and governments in the Middle East are well-positioned to seize this opportunity and further solidify their position as market leaders.
“The Middle East region is increasing as a starting point and destination for business and leisure travellers,” said Heisey. “The Middle East region is a popular linking point for international travellers and trade.” The region will still need a flexible fleet that can support both airline and air cargo business models.
And Boeing intends to profit from this predicted increase.
According to the plane manufacturer, Middle East airlines would need 2,980 new aircraft costing $765 billion to transport passengers and cargo over the next 20 years.
According to Boeing, the Middle East’s airline traffic is expected to expand by an average of 4% annually over the next 20 years, compared to a global growth rate of 3.8% annually.
Heisey predicted that during the next 20 years, “traffic (for Middle East carriers) will rise 2.4 times, with airlines quickly growing their origin and destination passengers and functioning as significant hubs for inter-region connecting passengers.”
Published By: Sandipan Dutta
