How is Middle East leading aircraft procurement recovery?

Boeing forecasts are suggesting the Middle East will continue to lead the post-pandemic recovery in aircraft procurement

Boeing is forecasting that widebody airplanes will comprise 45% of deliveries to Middle East airlines over the next 20 years, which is 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.  Boeing has published the CMO annually since 1961 and is regarded as the most comprehensive analysis of the commercial aviation industry.

What is the Commercial Market Outlook?

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.

"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."

Dubai Airshow announcement

It comes as Emirates confirms the order of 100 more Boeing widebody airplanes at the beginning of the Dubai Airshow.  

"Emirates is the biggest operator of Boeing 777 aircraft, and today's order cements that position," said HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group. "We've been closely involved in the 777 program since its start up until this latest generation of 777X aircraft. The 777 has been central to Emirates' fleet and network strategy of connecting cities on all continents non-stop to Dubai. We are pleased to extend our relationship with Boeing and look forward to the first 777-9 joining our fleet in 2025." 

Boeing's relationship with Emirates dates back to the airline's first 777 order in 1992. Today, Emirates has nearly 150 777 jets in its fleet. Based on the most successful twin-aisle airplane ever, the 777, the 777X family is designed to maximize efficiency and environmental performance by 25%, while providing an exceptional onboard experience.

*************************************************

For more insights into Procurement & Supply Chain - check out the latest edition of Procurement Magazine and be sure to follow us on LinkedIn & Twitter

Other magazines that may be of interest - Supply Chain Magazine | Sustainability Magazine

*********************************************

BizClik is a global provider of B2B digital media platforms that cover 'Executive Communities' for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik, based in London, Dubai & New York offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Share
Share

Featured Articles

Procurement & Supply Chain LIVE Dubai: One Month to Go!

Just one more month to go until Procurement & Supply Chain LIVE returns with Procurement & Supply Chain LIVE Dubai – 15 May 2024

Top 100 Women 2024: Aurelia Tremblaye, ENGIE – No. 4

Procurement Magazine’s Top 100 Women in Procurement honours ENGIE’s Aurelia Tremblaye at Number 4 for 2024

Coupa Inspire Las Vegas: AI is the Future of S2P Solutions

Global Procurement Leaders will gather at Coupa Inspire Las Vegas on April 22-24 for insights on Coupa's transformational AI-driven S2P solutions

Procurement & Supply Chain Awards: The Categories – Part 3

Procurement Strategy

Procurement & Supply Chain LIVE New York: Meet our Sponsors

Procurement Strategy

Procurement & Supply Chain Awards: The Categories – Part 2

Procurement Strategy