Boeing forecasts $550 billion market in Middle East for new airplanes

By BA Staff

Boeing forecasts that airlines in the Middle East will require 2,610 new airplanes over the next 20 years, worth an estimated $550 billion. While one-third of that demand – 900 airplanes – will replace today's fleets, 66 percent of the demand is expected to be driven by the rapid fleet expansion in the region.

According to the Boeing Current Market Outlook (CMO), long-range, twin-aisle airplanes – such as the Boeing 777 and 787 Dreamliner – will continue to dominate the Middle East's order books.

Randy Tinseth, Vice President of Marketing, Boeing Commercial Airplanes said:

"International traffic growth in the Middle East continues to outpace the rest of the world. The Gulf region benefits from a unique geographic position that enables one-stop connectivity between Europe, Africa, Asia and Australasia. Additionally, over the last decade, we've seen a rise in low-cost carriers that have benefitted from a large youthful population, large migrant workforce and trends toward market liberalization."

According to the Boeing forecast, twin-aisle aircraft will account for more than half of the region's new airplane deliveries over the 20-year period – as compared to 24 percent globally. Single-aisle airplanes, such as the Boeing 737, will make up 47 percent of regional deliveries through to 2032, while large airplanes such as the Boeing 747 will account for 10 percent of forecasted demand. Regional jets account for the remaining 1 percent of the demand.

Tinseth said:

"Boeing is well-positioned to address demand in the Middle East. Boeing airplanes provide airlines in the region with the capability to serve their expanding networks, the comfort and flexibility for a premium brand experience and the superior operating economics to create advantages not only for the airlines, but the flying public as well."

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Boeing Forecasts Growing Need for New Pilots in Asia Pacific Region

By BA Staff

Boeing projects that the Asia Pacific region will continue to lead the globe in demand for hundreds of thousands of new commercial airline pilots and maintenance technicians to support expanding demand for new airplane deliveries over the next two decades.

The 2013 Boeing Pilot and Technician Outlook calls for 192,300 new commercial airline pilots and 215,300 new technicians in the Asia Pacific region through 2032.

Bob Bellitto, the global sales director for Boeing Flight Services said

"There is a very real, urgent demand for competent aviation personnel globally, and the Asia Pacific region is particularly impacted. While Boeing is investing in cutting-edge technologies to attract and retain young people interested in careers in aviation, this is an industry-wide issue that can only be solved with industry-wide solutions. Aviation is a great field to be in. We have a responsibility to make sure it's a viable career option for the world's youth. Tomorrow's aviation workforce is going to be very different than their present-day peers. We need to focus on their expectations for learning, moving away from paper and chalkboard-based techniques to incorporate tablets, eBooks, gaming technology and three-dimensional models."

Leading the region in projected demand for new pilots and technicians:

• China – 77,400 pilots and 93,900 technicians
• Southeast Asia – 48,100 pilots and 50,300 technicians

Other parts of the region will also continue to see long-term demand in the tens of thousands of pilots and technicians:

• Southwest Asia will need 30,900 pilots and 28,500 technicians
• Northeast Asia will need 18,500 pilots and 25,500 technicians
• The Oceania region will need 17,400 pilots and 17,100 technicians

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