Boeing's 20-year forecast for commercial aircraft demand in the Middle East remained stable despite the world economy's hobbled recovery from the coronavirus-induced slowdown.
More than two thirds of aircraft deliveries are set to be used to expand fleets, with more than half of the total deliveries comprising single-aisle jets, Boeing said in its 2021 Commercial Market Outlook for the region.
The US plane maker has forecast demand for 3,000 new planes worth $740 billion by 2040 in the Middle East, little changed from its previous forecast of 2,945 planes last year.
“The Middle East region’s role as a global connecting hub continues to be important for developing markets to and from South-East Asia, China and Africa,” said Randy Heisey, Boeing's managing director of commercial marketing for the Middle East.
Global air travel demand is expected return to pre-crisis levels by early 2024 following the devastating impact of the Covid-19 pandemic on the global aviation industry. The crisis hammered the travel and tourism industry and disrupted the global supply chain infrastructure.
The fleet size of Middle East airlines is forecast to grow 4.1 per cent over the next 20 years.
Of the 3,000 new aircraft deliveries, 53 per cent will be narrow-body, single-aisle models such as the Boeing 737 and Airbus A320 models. The current single-aisle fleet of 660 aircraft is forecast to nearly triple to 1,750 jets by 2040.
The region's airlines will need 1,570 wide-body jets in the next 20 years to service a growing network of international routes in the long-term.
Twin-aisle jets will comprise 44 per cent of all deliveries by 2040, the highest proportion of any other region.
The passenger air traffic of Middle East carriers is expected to more than double at an average of 4.1 per cent every year through 2040, above the global average of 4 per cent but below last year's forecast of 4.3 per cent, said Boeing.
Regional economies are expected to expand 2.8 per cent in the next 20 years as they continue to reduce their dependence on oil revenue, according to Boeing's outlook.
"Growth will be enhanced by diversification of economies as there is increased focus on building tourism and infrastructure. A prime example of this is the Vision 2030 [economic reform programme] being carried forward by entities in Saudi Arabia," Mr Heisey told reporters during a pre-Dubai Airshow online briefing.
Middle East airlines continued to expand their air freight operations during the pandemic. The cargo volumes of regional carriers increased 19 per cent in the past 12 months, with two of the world’s top-five cargo airlines, Emirates and Qatar Airways, based in the region, Boeing said.
Boeing forecasts that the region will require about 196,000 new aviation workers by 2040. These include 54,000 pilots, 51,000 technicians and 91,000 cabin crew members.
This is below last year's forecast for 58,000 pilots, 59,000 technicians and 106,000 crew members when the Covid-19 pandemic forced global airlines to lay off or furlough millions of employees as aircraft were grounded and revenue withered.
Last month, Boeing raised its 20-year forecast for commercial aircraft demand globally, citing signs of recovery from the pandemic. The Chicago-based company forecast demand for 43,610 new planes valued at $7.2 trillion by 2040, an increase of about 500 planes over last year’s forecast.
LUKA CHUPPI
Director: Laxman Utekar
Producer: Maddock Films, Jio Cinema
Cast: Kartik Aaryan, Kriti Sanon, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana
Rating: 3/5
SUZUME
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Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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How the bonus system works
The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).
All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
Crazy Rich Asians
Director: Jon M Chu
Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan
Four stars
The Gentlemen
Director: Guy Ritchie
Stars: Colin Farrell, Hugh Grant
Three out of five stars
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
UAE currency: the story behind the money in your pockets
Australia (15-1): Israel Folau; Dane Haylett-Petty, Reece Hodge, Kurtley Beale, Marika Koroibete; Bernard Foley, Will Genia; David Pocock, Michael Hooper (capt), Lukhan Tui; Adam Coleman, Izack Rodda; Sekope Kepu, Tatafu Polota-Nau, Tom Robertson.
Replacements: Tolu Latu, Allan Alaalatoa, Taniela Tupou, Rob Simmons, Pete Samu, Nick Phipps, Matt Toomua, Jack Maddocks.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Rocketman
Director: Dexter Fletcher
Starring: Taron Egerton, Richard Madden, Jamie Bell
Rating: 3 out of 5 stars
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
US PGA Championship in numbers
1 Joost Luiten produced a memorable hole in one at the par-three fourth in the first round.
2 To date, the only two players to win the PGA Championship after winning the week before are Rory McIlroy (2014 WGC-Bridgestone Invitational) and Tiger Woods (2007, WGC-Bridgestone Invitational). Hideki Matsuyama or Chris Stroud could have made it three.
3 Number of seasons without a major for McIlroy, who finished in a tie for 22nd.
4 Louis Oosthuizen has now finished second in all four of the game's major championships.
5 In the fifth hole of the final round, McIlroy holed his longest putt of the week - from 16ft 8in - for birdie.
6 For the sixth successive year, play was disrupted by bad weather with a delay of one hour and 43 minutes on Friday.
7 Seven under par (64) was the best round of the week, shot by Matsuyama and Francesco Molinari on Day 2.
8 Number of shots taken by Jason Day on the 18th hole in round three after a risky recovery shot backfired.
9 Jon Rahm's age in months the last time Phil Mickelson missed the cut in the US PGA, in 1995.
10 Jimmy Walker's opening round as defending champion was a 10-over-par 81.
11 The par-four 11th coincidentally ranked as the 11th hardest hole overall with a scoring average of 4.192.
12 Paul Casey was a combined 12 under par for his first round in this year's majors.
13 The average world ranking of the last 13 PGA winners before this week was 25. Kevin Kisner began the week ranked 25th.
14 The world ranking of Justin Thomas before his victory.
15 Of the top 15 players after 54 holes, only Oosthuizen had previously won a major.
16 The par-four 16th marks the start of Quail Hollow's so-called "Green Mile" of finishing holes, some of the toughest in golf.
17 The first round scoring average of the last 17 major champions was 67.2. Kisner and Thorbjorn Olesen shot 67 on day one at Quail Hollow.
18 For the first time in 18 majors, the eventual winner was over par after round one (Thomas shot 73).
