Boeing Forecasts a Doubling of Middle East Fleet by 2042 with Widebodies Leading the Charge
Dubai, UAE – Boeing [NYSE: BA] has released its latest Commercial Market Outlook (CMO), forecasting a significant expansion in the Middle East's aviation sector. According to the report, widebody airplanes will account for 45% of deliveries to Middle East airlines over the next 20 years, the highest percentage among the 10 global regions featured in the CMO. This growth is expected to more than double the region's fleet of dedicated freighters to 180 jets by 2042.
Transforming the Region into an International Air Transit Hub
Darren Hulst, Boeing vice president of Commercial Marketing, highlighted the Middle East's growing influence in the aviation industry. The region's transformation into an international air transit hub is driven by robust air travel and cargo demand, fueled by significant economic growth and national development plans. Hulst emphasized that Boeing's efficient and versatile fleet solutions are well-positioned to meet these market demands.
Projected Deliveries and Fleet Expansion
The CMO projects the delivery of 3,025 new commercial airplanes in the Middle East by 2042, including 1,350 widebodies. The region's strategic location, offering efficient connectivity between major population centers in Asia, Africa, and Europe, necessitates a higher proportion of widebody aircraft to accommodate larger passenger volumes. Additionally, the Middle East's single-aisle fleet is expected to more than double, driven by the development and expansion of low-cost carriers (LCC) and short-haul networks.
Key Highlights of the 2023 CMO for the Middle East
- Two-thirds of new deliveries will support air traffic and cargo growth, while one-third will replace older airplanes with more fuel-efficient models.
- The total fleet will increase 2.4 times to 3,360 airplanes, with 1,610 (48%) being single aisles and 1,520 (45%) widebodies.
- The commercial fleet will generate demand for $335 billion in aviation services, including maintenance, repair, training, and spare parts.
Recent Orders and Deliveries in the Region
- Iraqi Airways celebrated the delivery of its first Boeing 787 Dreamliner in June 2023.
- SAUDIA announced plans to grow its long-haul fleet with up to 49 Boeing 787 Dreamliners in March 2023.
- New Saudi Arabian carrier Riyadh Air is set to launch with an all-Boeing fleet of up to 72 787-9 Dreamliners.
Boeing's Longstanding Industry Analysis
The CMO, published annually by Boeing since 1961, is recognized as the most comprehensive analysis of the commercial aviation industry. As a leading global aerospace company, Boeing continues to develop, manufacture, and service commercial airplanes, defense products, and space systems for customers in more than 150 countries.
Boeing's forecast for the Middle East aviation sector points to a dynamic future, with widebody airplanes leading the way in fleet expansion. This growth reflects the region's strategic importance in the global aviation landscape and underscores the demand for efficient, high-capacity aircraft to meet the evolving needs of airlines and passengers alike.