Boeing anticipates a demand for 1,030 new aircraft valued at $160 billion in the African aviation market by 2040.
The demand for new aircraft will be driven by the continent’s projected 3% annual economic growth over the next 20 years.
According to Boeing’s 2021 Commercial Market Outlook (CMO), new deliveries will include 740 narrow-body aircraft and 250 wide-body aircraft.
Boeing forecasts that 80% of African jet deliveries will serve fleet growth with more sustainable aircraft such as the 737, 777X and 787 Dreamliner, while 20% of new deliveries will replace older airplanes.
“African carriers are well-positioned to support inter-regional traffic growth and capture market share by offering services that efficiently connect passengers and enable commerce within the continent,” Randy Heisey, Boeing managing director of Commercial Marketing for Middle East and Africa, said.
Boeing’s Commercial Market Outlook also anticipates that Africa’s commercial aviation industry will be in need of more than 63,000 new aviation staff by 2040, including 19,000 pilots, 24,000 cabin crew, and 20,000 technicians.