By Andy Sambidge
Airbus long term forecast also says regional passenger growth seen at 5.9%.
More than 1,400 new aircraft will be needed by Middle East-based carrier over the next 20 years, new research by Airbus’s Global Market Forecast said on Monday.
Between 2009 and 2028, airlines will require 1,418 new passenger aircraft valued at $243 billion to satisfy above world average demand, the report said.
Factors driving demand included emerging economies, evolving airline networks, low-cost-carrier expansion, expanding urbanisation, more growing ‘mega-cities’, as well as ongoing traffic growth and the replacement of need to replace older aircraft with eco-efficient airliners, the study added.
To ease aircraft congestion and to accommodate growth on existing routes, larger aircraft in all size categories will be required, Airbus said.
It added that environmental concerns would increasingly influence airlines to consider the benefits of larger aircraft.
Air traffic in the Middle East is experiencing rapid growth with traffic in Dubai and Abu Dhabi up by 234 percent in the last 10 years.
Airbus anticipates the region will average annual passenger growth rates of 6.4 percent over the next 10 years and 5.4 percent from 2019 to 2028.
Looking further ahead, the 20 year growth rate averages 5.9 percent, above the world average 4.7 percent.
“The Middle East market encompasses all aircraft segments and is a barometer for the rest of the world. The recovery begins here. As it gains pace, Airbus is ready to meet demand with the world’s most eco-efficient and modern aircraft,” said John Leahy, Airbus’ chief operating officer Customers.
Given the influence that airlines have in this part of the globe to influence aircraft manufacturers and other suppliers in the industry, then it is time that they pushed the oil companies to remove the toxic components in their engine oils that can seep into the cabin air via the 'bleed' air and poison the passengers and crew! (See www.aerotoxic.org) Alternatively get the Boeing 787 into the air asap .... the only airliner that uses new technology avoiding 'bleed' air!!