Boeing: Middle East fleet to more than double by 2042 with new-technology widebodies leading the way

Rhea-AI Summary

Boeing [NYSE: BA] Forecasts 45% of Middle East Airline Deliveries to be Widebody Airplanes in the Next 20 Years

Positive

• Middle East airlines are projected to see significant growth in air travel and cargo demand, driving the need for 3,025 new commercial airplanes by 2042, including 1,350 widebodies.
• Boeing's CMO forecast highlights the Middle East as a key region for aviation growth, with the total fleet expected to increase 2.4 times to 3,360 airplanes, generating a demand for $335 billion in aviation services.

Negative

• None.

DUBAI, United Arab Emirates, Nov. 12, 2023 /PRNewswire/ -- Boeing [NYSE: BA] 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

Recent orders and deliveries in the region:

• Iraqi Airways Celebrates Delivery of its First Boeing 787 Dreamliner (Jun. 22, 2023)
• SAUDIA to Grow Long-Haul Fleet with up to 49 Boeing 787 Dreamliners (March 14, 2023)
• New Saudi Arabian Carrier Riyadh Air to Launch with All-Boeing Fleet of up to 72 787-9 Dreamliners (March 14, 2023)

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.

Contact:
Nadine Fanous
+971-56-422-9051
nadine.fanous@boeing.com 

Boeing Media Relations
media@boeing.com

View original content:https://www.prnewswire.com/news-releases/boeing-middle-east-fleet-to-more-than-double-by-2042-with-new-technology-widebodies-leading-the-way-301983966.html

SOURCE Boeing

FAQ

What is Boeing's forecast for the percentage of widebody airplanes in deliveries to Middle East airlines over the next 20 years?

Boeing forecasts that 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.

How many new commercial airplanes are projected to be delivered to the Middle East by 2042?

The CMO projects delivery of 3,025 new commercial airplanes in the Middle East by 2042, including 1,350 widebodies.

What is the expected growth in the Middle East single-aisle fleet?

The Middle East single-aisle fleet is expected to more than double as low-cost carriers and short-haul networks continue to develop and expand. By 2042, nearly half of the region's aircraft will be single-aisle jets.

What is the significance of the CMO forecast for the Middle East aviation industry?

The CMO highlights the Middle East as a key region for aviation growth, with the total fleet expected to increase 2.4 times to 3,360 airplanes, generating a demand for $335 billion in aviation services.