Middle East airlines will need 2,526 new planes over the next two decades until 2036. - From Times of Oman
Toulouse, (France): Middle East airlines will need 2,526 new planes over the next two decades until 2036, mainly driven by a 5.9 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, who made a presentation on the latest Global Market forecast for the 2017-2036 period.Also, the region will need 52,890 new pilots and 58,200 new technicians for another 20 years, added Leahy.The annual average economic growth in the Middle East region is estimated at 3.4 per cent for the next two decades.
Demand for additional commercial planes is mostly driven by an anticipated 4.4 per cent annual growth in air traffic, COO Leahy told journalists, while presenting the latest Global Market forecast for the 2017-2036 period at the Media Day event organised by the company.The combined fleet strength of all global airlines will touch 40,120 planes by 2036, against 18,890 in 2016 as some of the additional planes are required for replacing existing aircraft.“(Around) 78 countries had posted in excess of 10 per cent annual growth in air traffic, which is driving growth,” added Leahy.Over this period, increasing numbers of first time flyers, rising disposable income spent on air travel, expanding tourism, industry liberalisation, new routes and evolving airline business models are driving the need for 34,170 passengers and 730 freighter aircraft, worth a combined total of $5.3 trillion.“More and more tourists are travelling by air, which is also driving demand for aircraft,” noted Leahy.“Over 70 per cent of new units are single aisle, with 60 per cent for growth and 40 per cent for replacement of less fuel efficient aircraft.”A doubling in the commercial fleet over the next 20 years sees a need for 530,000 new pilots and 550,000 new maintenance engineers, and provides the Airbus’ global services business a catalyst to grow.
Disposable incomes are growing and in emerging economies the number of people taking a flight will nearly triple between now and 2036.”Referring to the Middle East region, the Airbus official said air passenger traffic had surged 16 times in the last 10 years between 2006 and 2016.Leahy said the Asia-Pacific region is driving growth in air traffic.
However, China’s domestic market will emerge as the single largest market in the next 20 years.Over the next two decades, Asia Pacific is set to take 41 per cent of the new deliveries, followed by Europe, with 20 per cent and North America at 16 per cent.