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
Compal Posts Sales Report for November 2024
12/09/2024 | Compal Electronics Inc.Compal Electronics reported Nov 2024 consolidated revenue of NT$79,666mn, representing MoM decrease of 6.8% and YoY decrease of 5.9%. The accumulated revenue of 2024 was NT$846,216mn, representing YoY decrease of 3.5%.
OEP 80 B.V. Published Cicor’s Pre-Announcement for Mandatory Offer
12/09/2024 | CicorCicor Group announces that OEP 80 B.V. (OEP) published the pre-announcement for a mandatory offer for all the shares of Cicor Technologies Ltd. held in the public.
Global Total Semiconductor Equipment Sales Forecast to Reach a Record of $139 Billion in 2026
12/09/2024 | SEMIGlobal sales of total semiconductor manufacturing equipment by original equipment manufacturers (OEMs) are forecast to set a new industry record, reaching $113 billion in 2024, growing 6.5% year-on-year, SEMI announced in its Year-End Total Semiconductor Equipment Forecast – OEM Perspective at SEMICON Japan 2024.
Closing the Loop: iNEMI Workshop Addresses Circularity Challenges
12/09/2024 | Kelly Scanlon, IPC Lead Sustainability StrategistThe electronics industry faces increasing pressure from consumers and regulators to implement more circular design principles in their products. While some companies lead the way, many grapple with significant knowledge gaps. These include a lack of clear definitions for "circular economy" in the context of electronics, insufficient data, and inadequate training to apply circular principles effectively across product lifecycles. Additionally, there's a pressing need to understand the return on investment (ROI) and other potential incentives for implementing circular principles.
Mycronic Introduces New Machine Models to Its High-Performance Pick-And-Place Platform MYPRO A40
12/06/2024 | MycronicMycronic, the leading Sweden-based electronics assembly solutions provider, is introducing two new machine models MYPro A40SX and A40LX to its next-generation MYPro A40 pick-and-place platform, equipped with the all-new MX7 high-speed mounthead technology.