The Strategist

Boeing expects boom in air travel and air tourism in the Middle East

09/22/2022 - 10:42

The commercial aviation market in the Middle East is expected to grow significantly over the next 20 years, according to an estimate by the American aerospace company Boeing.
The company expects a significant increase in air travel and air tourism in the Middle East, with local airlines needing 2,980 new aircraft costing roughly $765 billion. According to Boeing, Middle Eastern airlines have typically survived the pandemic by streamlining their commercial strategies, including increasing cargo traffic.

The region will require 3,400 new aircraft, including cargo planes, "to accommodate the rapidly rising passenger traffic and demand for freight transportation."

According to Boeing, over the next 20 years, passenger traffic in the Middle East will grow by an average of 4% annually. 1,290 additional wide-body aircraft will be needed to meet the rising demand for international travel. Due to the continued growth of regional and short-haul international travel, there will be a demand for 1,650 additional narrow-body aircraft.

Through 2041, the aftermarket demand for new commercial airliners will be worth an additional $275 billion. Boeing estimates that over the next 20 years, the region will require 202,000 new airline employees, including around 53,000 pilots, 50,000 maintenance workers, and 99,000 flight attendants.