Boeing projects $450 billion demand for 2,520 new airplanes in Middle East over next 20 years

BY COURTNEY E. HOWARD

DUBAI, United Arab Emirates—Executives at The Boeing Co. Commercial Airplanes segment in Seattle forecast that Middle Eastern commercial airlines will require roughly 2,520 airplanes, with a total value of $450 billion, by 2030.

The Middle East’s passenger airplane fleet is expected to grow from a current fleet of 1,040 airplanes to a projected 2,710 aircraft, for an increase of 160 percent. Thirty-four percent of the projected demand will be for airplanes to replace current aircraft; 66 percent will be for fleet expansion, as the region’s airlines gear up for significant growth over the next two decades.

As many as 1,110 widebody jetliners such as the Boeing 777, shown above, are forecast to be sold to Middle Eastern airlines over the next two decades.
As many as 1,110 widebody jetliners such as the Boeing 777, shown above, are forecast to be sold to Middle Eastern airlines over the next two decades.

Single- and twin-aisle airplanes will account for 90 percent of the Middle East’s new airplane deliveries over the 20-year period, according to the Boeing forecast. Roughly 1,160 single-aisle jets and 1,110 twin-aisle airplanes are forecast to be delivered to the region during this time.

The remaining ten percent is split among large airplanes and will account for seven percent of projected demand, with an estimated 180 airplanes to be delivered to airlines in the Middle East. Regional jets account for the remaining three percent.

“The Middle East has seen an unprecedented growth in capacity over the past 10 years and every indication points to a further, significantly large increase over the next 20 years,” explains Randy Tinseth, Boeing Commercial Airplanes vice president of marketing, who presented Boeing’s Current Market Outlook at the 2011 Dubai Air Show last month.

“The collective capacity of three airlines—Emirates Airline, Etihad Airways, and Qatar Airways—has grown by an average of 23 percent annually over the past decade and we expect this trend to continue well into the future,” Tinseth says. “All three airlines base their growth strategies on the principle that newer, more efficient airplanes will provide a competitive advantage over their rivals from Europe and Asia.”

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February 2014
Volume 25, Issue 2
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