Boeing’s 2021 Commercial Market Outlook – Africa
Boeing forecasts Africa’s airlines will require 1,030 new airplanes by 2040 valued at $160 billion, and aftermarket services such as ...
Source/ Midland Airport
Boeing forecasts Africa’s airlines will require 1,030 new airplanes by 2040 valued at $160 billion, and aftermarket services such as manufacturing and repair worth $235 billion – enabling growth for air travel and economies across the continent. Africa’s commercial airplane fleet is projected to grow to 1,560 over the next 20 years.
“Africa has healthy opportunities to expand travel and tourism, coinciding with increasing urbanization and rising incomes […] African carriers are well-positioned to support inter-regional traffic growth and capture market share by offering services that efficiently connect passengers and enable commerce within the continent.” Randy Heisey, MD of Commercial Marketing for Middle East and Africa, Boeing.The 2021 Africa CMO includes these outlook highlights through 2040:
- Airlines in Africa will grow their fleets by 3.6% per year to accommodate passenger traffic growth of 5.4% annually, the third-highest growth rate in the world.
- Single-aisle jets are expected to account for more than 70% of commercial deliveries, with 740 new planes mainly supporting domestic and inter-regional demand. In addition, African carriers are estimated to need 250 new widebodies, including passenger and cargo models, to support long-haul routes and air freight growth.
- 80% of African jet deliveries are expected to serve fleet growth with more sustainable, fuel-efficient models such as the 737, 777X and 787 Dreamliner, with 20% of deliveries replacing older airplanes.
- Estimated demand for aviation personnel will rise to 63,000 new professionals, including 19,000 pilots, 20,000 technicians and 24,000 cabin crew members.
- Commercial services opportunities such as supply chain, manufacturing, repair and overhaul are valued at $235 billion.
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