Egypt, Boeing discussing new aircrafts entering circulation: Boeing

Doaa A.Moneim , Wednesday 27 Oct 2021

Randy Heisey, the managing director of Commercial Marketing for the Middle East at Boeing, told Ahram Online that the company continues to have conversations with airlines in Egypt on opportunities for new aircrafts to enter Egypt’s marketplace.

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Heisey noted that the geography of the Middle East, including Egypt, provides a unique environment for the aviation sector to operate.

“The Middle East has a centuries-old role of connecting economies and populations in Asia, Europe, and Africa. Within an 8-hour flight from the region’s hubs, travelers can reach 80 percent of the world’s population, and 70 percent of the global economic growth forecast for the next two decades [is projected to take place there]”, Heisey expounded.

On how the region’s countries — including Egypt — could maximise their revenues from commercial aviation and boost their economies amid the ongoing pandemic, Heisey said that cargo is a key potential revenue enhancer for the region, adding that some carriers have already benefitted from generating above-average cargo revenue in the last 12 months.

Air cargo traffic flown by Middle Eastern carriers has increased since 2020 by nearly 20 percent, and now two of the world’s top-five cargo carriers are based in the region, according to Heisey.

He added that onboard services such as in-flight entertainment and Wi-Fi is another potential revenue generator that many airlines can utilise, stressing that Boeing airplanes have the capability to support these services.

Heisey also said that the region’s role as a global connecting hub continues to be important to develop markets to and from Southeast Asia, China, and Africa, adding that it has been a leader in restoring confident passenger travel through multi-faceted initiatives that aid international travel recovery.

Last week, Boeing released its 2021 Commercial Market Outlook, a forecast of the demand for commercial airplanes and services for the next 20 years.

According to the report, shared with Ahram Online, the Middle East will require 3,000 new airplanes valued at $700 billion and aftermarket services such as maintenance and repairs worth $740 billion, with the region positioned to capitalise on the recovery of regional and international travel and cargo demand.

Moreover, the region’s passenger traffic and commercial fleet are projected to more than double over the next 20 years.

“More than two-thirds of airplane deliveries to the Middle East will accommodate growth, while one-third of deliveries will replace older airplanes with more fuel-efficient models such as the 737 MAX, 787 Dreamliner, and 777X,” the report said.

The report also noted that air freight represents an ongoing area of opportunity for Middle Eastern airlines, with the freighter fleet projected to nearly double from 80 airplanes in 2019 to 150 by 2040.

Through 2040, the region’s airlines are expected to grow their fleets to 3,530 jets to accommodate increased passenger and cargo traffic and the region will continue to see robust widebody demand, with 1,570 deliveries supporting a growing network of international routes, according to the report.

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