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Boeing forecasts 20-year Middle East commercial jet and services market valued at more than US$1.4 trillion

Boeing is projecting that airlines in the Middle East will require 3,000 new airplanes valued at US$700 billion and aftermarket services such as maintenance and repair worth US$740 billion, with the region positioned to capitalize on the recovery of regional and international travel and cargo demand. Boeing provided the estimate in its 2021 Commercial Market Outlook (CMO), a forecast of 20-year demand for commercial airplanes and services.

Middle East passenger traffic and the regionโ€™s commercial fleet are projected to more than double over the 20-year forecast period, according to the CMO. More than two-thirds of airplane deliveries to the Middle East will accommodate growth, while one-third of deliveries will replace older airplanes with more fuel-efficient models such as the 737 MAX, 787 Dreamliner and 777X.

โ€œThe Middle East regionโ€™s role as a global connecting hub continues to be important for developing markets to and from Southeast Asia, China and Africa,โ€ said Randy Heisey, Boeing managing director of Commercial Marketing for the Middle East. โ€œThe region has been a leader in restoring confident passenger travel through multi-faceted initiatives that aid international travel recovery.โ€

Air freight represents an ongoing area of opportunity for Middle East airlines, with the freighter fleet projected to nearly double from 80 airplanes in 2019 to 150 by 2040. Notably, air cargo traffic flown by Middle East carriers has increased since 2020 by nearly 20%, with two of the worldโ€™s top-five cargo carriers based in the region.

To accommodate increased passenger and cargo traffic Boeing’s CMO predicts that airlines will grow their fleets to 3,530 jets. The region will continue to see robust wide-body demand, with 1,570 deliveries supporting a growing network of international routes. The current single-aisle fleet of 660 airplanes is forecast to nearly triple to 1,750 jets. Commercial services opportunities include fleet renewal, maintenance, repair and parts supply, and operations optimization. Boeingโ€™s 2021 Pilot and Technician Outlook forecasts that the region is estimated to require 223,000 new aviation personnel by 2040, including 54,000 pilots, 51,000 technicians and 91,000 cabin crew members.

Brussels Airlines to welcome Dorothea von Boxberg as new CEO

Currently Chairperson of the Executive Board of Lufthansa Cargo AG, Dorothea von Boxberg will shortly become the new CEO of Brussels Airlines. The appointment is subject to a pending resolution by the Board of Directors of SN Airholding. She is due to take up her new position on April 15 this year and will also

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Airbus delivers first A321neo from FAL Tianjin

Airbus has delivered the first A321neo aircraft assembled at its final assembly line Asia (FAL Tianjin) to Chinaโ€™s Juneyao Air in Tianjin, China. The aircraft is powered by Pratt & Whitney GTF ย engines and features 207 comfortable seats, eight in Business and 199 in Economy Class. Its delivery flight is to use a ten percent

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VTOL orders driving strong growth in aircraft industry

Aircraft orders surged by 40% last year and are set to continue to expand this year with hybrid and electric vertical take off and landing (VTOL) aircraft driving growth, new research* from industry experts Revolution.Aero shows. Its data reveals aircraft orders rose to 2,876 last year from 2,056 in 2021 with hybrid and electric VTOL

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LYTE Aviation reveals 40-seat Hybrid eVTOL โ€“ SkyBus and SkyTruckย 

LYTE Aviation, the newest advanced air mobility innovator, addressing advanced urban mobility and connectivity, has revealed its 40-seat (hybrid)ย eVTOL SkyBus and SkyTruck programme on March 23. Its LA-44 SkyBus and complementary SkyTruck cargo variant, designed around a 4.5 tonne payload, is the accumulation of three yearsโ€™ย R&D. The result is a game-changing, vertical take-off and landing

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Bombardier updates 2025 strategic objectivesย 

Bombardier has updated its 2025 objectives. The company is now targeting more than US$9 billion in annual revenue by 2025, with an adjusted EBITDA of more than US$1,625 million and a healthy adjusted EBITDA margin of approximately 18%. Bombardier also expects to generate significant free cash flow in the coming years, to the tune of more than US$900

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Magnetic Group rebrands Direct Maintenance as Magnetic Line

Magnetic Group, a fast-growing aviation company, has released that Direct Maintenance has been rebranded as Magnetic Line. This rebranding is part of Magnetic Group’s overarching strategy to unify all its businesses under a single brand – Magnetic – and streamline its products and services under one easily recognisable name. Direct Maintenance has been an integral

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Avianca โ€“ Viva Air merger gets Columbian CAA approval

Columbian flag-carrying airline Avianca and Viva Air have received merger approval from the Columbian civil aviation authority. The merger was originally proposed back in April 2022 with the intention to keep the branding and strategies separate. One of the merger conditions is that Viva Air reimburse all passengers who have been affected by flight cancellations

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Lufthansa to resume regular flight operations with Airbus A380

From June 1, Lufthansa will resume its regular flight operations with the popular Airbus A380 after a three-year interruption. Daily flights from Munich to Boston will be operated by LH424. Commencing July 4, 2023 and just in time for Independence Day, the U.S. national holiday, an A380 with flight number LH410 will take off daily

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Japan Airlines signs firm order for 21 fuel-efficient Boeing 737-8 jets

Japan Airlines (JAL) and Boeing have finalized an order for 21 super-efficient Boeing 737-8 jets. The versatile 737-8 will position JAL to strengthen its domestic and regional network as passenger traffic continues to return to pre-pandemic levels. JAL intends to begin introducing the airplanes into its fleet from 2026. “We are delighted to select the

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AAT Composites secures product organisation approval from EASA

AAT Composites, a South African-based design and manufacturing composite company, has earned production organisation approval (POA) in compliance with the European Union Aviation Safety Agency (EASA Part 21G). Globally, AAT Composites joins an elite club of aviation suppliers with POAs. EASA Part 21G is an approval to manufacture aircraft parts and appliances in conformity with

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Ferrovial and Eve Air Mobility team up on urban air traffic in the United States and Europe

Ferrovial Airportsย (Ferrovial) andย Eve Air Mobility, a developer of electric vertical take-off and landing (eVTOL) aircraft, services and support, and urban air traffic management (Urban ATM) software, have agreed to partner to jointly develop the safe and reliable operation of vertiports and eVTOLs. Thisย collaboration, embodied in a statement of intent, reinforces Ferrovialโ€™s commitment to urban air

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AAR posts income of US$21.8 million for third quarter of 2023

AAR CORP. has posted third-quarter fiscal year 2023 consolidated sales of US$521.1 million and income from continuing operations of US$21.8 million. For the third quarter of the prior year, the company reported sales of US$452.2 million and income from continuing operations of US$22.6 million. Adjusted diluted earnings per share from continuing operations in the third

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