Boeing forecasts Africa’s 20-year commercial aviation market at nearly 400 bln USD

Home / AFRICA / Boeing forecasts Africa’s 20-year commercial aviation market at nearly 400 bln USD Boeing forecasts Africa’s 20-year commercial aviation market at nearly 400 bln USD

The Independent October 22, 2021 AFRICA

San Francisco, U.S. | Xinhua | Boeing forecast on Thursday that Africa’s airlines will require 1,030 new airplanes by 2040 valued at 160 billion U.S. dollars and aftermarket services such as manufacturing and repair worth 235 billion dollars.

The company shared the projection as part of the 2021 Commercial Market Outlook (CMO), its long-term assessment of demand for commercial airplanes and services.

Airlines in Africa will grow their fleets by 3.6 percent per year to accommodate passenger traffic growth of 5.4 percent annually, the third-highest growth rate in the world, according to the CMO.

“Africa has healthy opportunities to expand travel and tourism, coinciding with increasing urbanization and rising incomes,” said Randy Heisey, Boeing managing director of Commercial Marketing for Middle East and Africa.

Single-aisle jets are expected to account for more than 70 percent of commercial deliveries, with 740 new planes mainly supporting domestic and inter-regional demand. In addition, African carriers are estimated to need 250 new wide-body aircraft, including passenger and cargo models, to support long-haul routes and air freight growth, Boeing said.

*****

Xinhua

africa airlines Boeing Randy Heisey 2021-10-22 The Independent