Boeing has predicted that air carriers in Africa will witness steady growth over the next 20 years as air travel in the continent continues to grow.
The region’s economy is expected to grow 4.8% in 2010, up from 2.95% in 2009, as a result of increasing African exports and imports.
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Boeing forecasts the delivery of over 700 airplanes with a value of about $80bn for the African airplane market over the next 20 years.
Boeing Commercial Airplanes senior market analyst Mike Warner said that as the demand for African commodities grows and foreign development and tourism increases, African carriers will require a modernised fleet to compete on routes historically dominated by foreign carriers.
“Africa’s current fleet is nearly 20 years old on average, in a market that demands newer, more fuel-efficient airplanes to help offset the rising cost of fuel,” he said.
Twin-aisle airplanes will account for 32% of new airplanes delivered to African carriers over the next 20 years compared with 23% percent worldwide, according to Boeing’s forecasts.
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By GlobalDataSingle-aisle airplanes will form 60% of the African new-airplane market, compared with 69% worldwide.
