Wed, Sep 22, 2010
Boeing: More than 700 airplanes, Worth $80 Billion, Needed In
The Region Over 20 Years
Air carriers in Africa will experience steady growth over the
next 20 years as air travel in Africa continues to grow with the
economy, according to analysis from Boeing.
The African economy is projected to grow 4.8 percent in 2010
following 2.9 percent growth in 2009. This strong growth results
from worldwide recovery stimulating demand for African exports as
well as imports into the continent. West Africa shows the strongest
growth with foreign interest in petroleum development.
"As the demand for African commodities grows and foreign
development and tourism increase, African carriers will require a
modernized fleet in order to compete on routes historically
dominated by foreign carriers," said Mike Warner, senior market
analyst for Boeing Commercial Airplanes, today at a media briefing
in Cape Town. "Africa's current fleet is nearly 20 years old on
average in a market that demands newer, more fuel-efficient
airplanes to help offset the rising cost of fuel."
Boeing's forecast calls for the delivery of more than 700
airplanes with a value of approximately $80 billion for the African
airplane market over the next 20 years.
Growth in the airline market, along with the demand to replace
older, less fuel-efficient single-aisle airplanes and regional jets
with new-generation, more fuel-efficient models, will drive new
airplane deliveries.
Strong demand exists to support increased non-stop routes
between Africa and Europe, the United States, the Middle East,
India, and China. Twin-aisle fleets will evolve in the region as
airlines continue to expand international services. Boeing
forecasts that twin-aisle airplanes will account for 32 percent of
new airplanes delivered to African carriers over the next 20 years
compared to 23 percent worldwide. Single-aisle airplanes will
represent 60 percent of the African new-airplane market, compared
to 69 percent worldwide.
Boeing says newer airplane types offer significant advantages in
environmental performance as well as improved capabilities, fuel
efficiency and maintenance costs.
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