Boeing Forecasts New Airplane Market for Middle East, Valued at $730 Billion

Boeing Forecasts New Airplane Market for Middle East, Valued at $730 Billion

Boeing Forecasts New Airplane Market for Middle East, Valued at $730 Billion

The pilot and technician outlook from U.S. plane manufacturer Boeing showed an 8.6 per cent increase in regional demand for pilots to 63,000 and a 4.3 per cent increase in demand for cabin crew to 96,000, compared to past year.

"From training the next generation of pilots to creating tailored solutions and everything in between, the combined commercial and defence services market is estimated at $2.6 trillion over the next 10 years and includes strong opportunities in the Middle East", said Tinseth.

Boeing reports that over the next 20 years the Middle East will see significant demand for commercial airline pilots, technicians and cabin crew, accounting for 10 percent of the overall global need for pilots and technicians and 12 percent of cabin crew. "It is an exciting time to explore how we can use cutting-edge tools and technology today to train these crews for tomorrow".

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Further, twin-aisle airplanes are expected to make up almost 50 percent of the new airplanes in the Middle East, which is over 70 percent of the value at $520 billion. Over half of the airplanes are expected to be single aisle aircraft such as the 737MAX and will be valued at around $190 billion. The split for cabin crew, however, is more heavily weighted toward twin-aisle airplanes due to regulations that require more cabin crew to staff larger airplanes.

Meanwhile, around the rest of the world, Boeing forecasted a long-term demand for 41,030 new airplanes, valued at $6.1trn.

Boeing's projection reflects growing demand for new planes from the Middle East, with the company's outlook released this week suggesting the region will need 3,350 new planes over the next 20 years worth $730bn.

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