Boeing: Middle East Fleet to More Than Double by 2042
November 13, 2023 | BoeingEstimated reading time: 2 minutes
Boeing forecasts 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 Darren Hulst, Boeing vice president, Commercial Marketing. "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."
The CMO projects delivery of 3,025 new commercial airplanes in the Middle East by 2042, including 1,350 widebodies. Many airlines in the region provide service between major population centers 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 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.
Additional 2023 CMO highlights for the Middle East through 2042 include:
· Two-thirds of new deliveries will support air traffic and cargo growth while one-third of deliveries 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 $335 billion in aviation services including maintenance, repair, training and spare parts
Commercial airplane deliveries to the Middle East (2023-2042):
Regional Jet: 35
Single Aisle: 1,570
Widebody: 1,350
Freighter: 70
Total: 3,025
Boeing has published the CMO annually since 1961. As the longest-running jet forecast, the CMO is regarded as the most comprehensive analysis of the commercial aviation industry. Learn more about the Commercial Market Outlook on Boeing.com or search "Boeing CMO" in your smartphone app store.
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.
Suggested Items
Deutsche Aircraft Selects Honeywell to Provide High Frequency Radio System for the D328eco
11/21/2024 | HoneywellHoneywell has been selected by Deutsche Aircraft, a German aircraft manufacturer, to supply its Primus HF-1050 high-frequency (HF) radio system for the recently debuted 40-seater D328eco turboprop.
RTX's Pratt & Whitney and WZL2 Sign Letter of Intent for F100 Sustainment Work in Poland
11/21/2024 | RTXPratt & Whitney, an RTX business, signed a letter of intent with Wojskowe Zaklady Lotnicze Nr. 2 S.A., also known as WZL2, to explore expanded maintenance repair and overhaul capabilities for increased Polish Air Force needs.
Nano Dimension Posts Revenue of Revenue $14.9M in Q3 2024; Up 22% YoY
11/20/2024 | Nano DimensionNano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions, today announced financial results for the third quarter ended September 30th , 2024 and shared a letter from Yoav Stern, the Company’s Chief Executive Officer and member of the Board of Directors.
Global Semiconductor Manufacturing Industry Records Strong Growth in Q3 2024
11/20/2024 | SEMIThe global semiconductor manufacturing industry in the third quarter of 2024 showed strong momentum with all key industry indicators performing positive quarter-on-quarter (QoQ) increases for the first time in two years.
Eltek Reports Q3 2024 Financial Results
11/20/2024 | PRNewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended September 30, 2024.