Middle East airlines need 2,526 new planes over next two decades

BE2C2 Report — Middle East airlines will need 2,526 new planes over the next two decades until 2036, mainly driven by almost 6 per cent passenger growth and increasing connections with major destinations across the world.

Of the total demand, 2,010 aircraft are additional demand, while 516 planes are for replacing an aging fleet.

This will take the total number of aircraft in the Middle East region to 3,186 planes by 2036, from 1,178 aircraft at the beginning of 2017, according to John Leahy, chief operating officer (COO), Customers, Airbus Commercial Aircraft. Leahy recently made a presentation on the latest Global Market forecast for the period 2017-2036 in France, according to Times of Oman.

Also, the region will need 52,890 new pilots and 58,200 new technicians for another 20 years, said Leahy.

The Airbus official said air passenger traffic in the Middle East region had surged 16 times in the last 10 years between 2006 and 2016.

According to the official, the Middle East airlines will also spend US$190 billion on maintenance, repair and operations for another two decades.

The annual average economic growth in the Middle East region is estimated at 3.4 per cent for the next two decades. Apart from a robust growth in passenger traffic, the opening up of the Iran market is driving growth in demand for commercial aircraft, added Leahy.

BE2C2 is a business unit of Irshad Salim Associates  which produces reports, infographics, analytics and analyses based on data and information from sources readily available on the web and in the public domain.

Follow us on Twitter: http://twitter.com/be2c2go

Leave a Reply

Your email address will not be published. Required fields are marked *