Market Intelligence: -Airline Aircraft Orders

Global Aircraft Manufacturer, Boeing, Releases Commercial Market Outlook for 2024–2043

Global aircraft manufacturer Boeing released the following latest Commercial Market Outlook 2024-2043.

Boeing’s latest Commercial Market Outlook projects a robust demand for 43,975 new airplanes over the next 20 years, reflecting a 3% increase in deliveries compared to the previous year’s forecast. The report highlights the significant growth driven by emerging markets and a strong demand for single-aisle aircraft.

  • Boeing anticipates a 3% increase in airplane deliveries by 2043, with a total of 43,975 new units expected.
  • Much of the growth is attributed to emerging markets and the rising demand for single-aisle airplanes.
  • The global passenger and freighter fleet is expected to nearly double over the next two decades.

“As commercial aviation enters the second half of 2024, passenger and air cargo traffic are surpassing 2019 levels, highlighting the industry’s resilience over the last several decades. In the long-term, both market segments are forecast to continue to outpace economic growth. Consumers are prioritizing travel in an increasingly connected world, aviation development is accelerating in emerging markets, and supply chain and e-commerce growth are supporting air cargo demand.

Like air traffic, airlines have also shown resilience. The global airline network is back to 2019 levels and has adapted to new market trends. Route competition remains high. Plus, airlines are managing fleets and boosting productivity to remain profitable in a dynamic global environment.

The 2024 Commercial Market Outlook’s fleet and delivery forecasts remain steady as industry dynamics are largely playing out along the path Boeing anticipated in 2020. There is pent-up demand to replace ageing fleets where retirements have been delayed. Innovation and emerging markets are once again driving fleet growth. Also, a focus on sustainability across the industry is improving efficiency in all facets of airline operations.”

Contact us to receive a copy of the Boeing Commercial Market Outlook 2024-2043.

Source: Boeing
Photo Credit: Boeing

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Saudi Airline Takes Delivery of the 53rd New Aircraft Out of its Order for 120 A320neo Aircraft from Airbus

flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the world, has taken delivery of the 53rd new aircraft out of its order for 120 A320neo aircraft from Airbus, within flynas strategic plan launched under the title (We Connect the World to the Kingdom), in line with the National Civil Aviation Strategy, to connect KSA with 250 International destinations, accommodate 330 million passengers, and host 100 million tourists yearly by 2030.

The 53rd aircraft of the next-generation model touched down at King Khalid International Airport in Riyadh, reaching a total of 6 aircraft delivered until July 2024, which has contributed to consolidating flynas position as the leading low-cost airline in the Middle East, and one of the top 4 low-cost airlines in the world, according to Skytrax.

In parallel with upscaling flynas fleet, taking delivery of the new aircraft contributed to generating hundreds of quality jobs in the aviation sector directly and indirectly, as flynas recently announced the opening of application in several programs, including the Future Pilots Program, Future Engineers Program, and the Cabin Crew Program for Saudi men and women.

Boosting A320neo aircraft share in the flynas fleet reinforces the leading LCC commitment to sustainability and environmental protection, as the A320neo is considered the most advanced, environmentally friendly, and fuel-efficient single-aisle aircraft worldwide.

Source: flynas
Photo Credit: flynas

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Saudi Arabia’s Largest Low-Cost Carrier flynas Signs Agreement for Additional 75 Airbus A320neo Family Aircraft and 15 A330neo

flynas, Saudi Arabia’s leading low-cost carrier, has signed a Memorandum of Understanding (MoU) with Airbus for 75 A320neo family aircraft and 15 A330-900. This strategic agreement will expand the airline’s capacity, range and enhance its overall fleet capabilities.

Signed during Farnborough International Airshow in the presence of President of the General Authority of Civil Aviation (GACA) of Saudi Arabia, H.E. Abdulaziz bin Abdullah Al-Duailej, Chairman of the Board of NAS Holding Ayed Al Jeaid, flynas Chief Executive Officer & Managing Director Bandar Almohanna, and Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer.

The new aircraft will join the carrier’s all Airbus fleet serving international, domestic and regional routes. The new A330-900 aircraft will boast a two-class configuration, accommodating up to 400 passengers.

“We are excited to further strengthen our long-standing partnership with Airbus,” said Bander Almohanna, CEO and Managing Director of flynas. “The A320neo Family provides exceptional operational performance and environmental benefits, allowing us to offer unique, low-cost travel experiences. Additionally, the A330neowill enhance our long-haul capabilities with its advanced technology and efficiency while supporting our growth plans and Saudi Arabia’s pilgrim program.”

Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer said, “We are delighted to expand our partnership with flynas through this significant milestone for both A320neo and A330-900 aircraft. The A330neo will allow flynas to further grow into widebody markets by building on the A320, benefiting from Airbus’ unique commonality. Both aircraft types offer flynas the perfect versatility and economics to expand into new markets while offering their passengers the latest cabin experience and comfort. We look forward to continuing our successful collaboration with flynas as they embark on this exciting new chapter.”

The addition of the A330-900 aircraft will support flynas’ ambitious growth plans. The airline anticipates significant operational efficiency gains by combining the new widebody aircraft with its existing A320neo fleet. The A330-900 offers increased capacity and range at unrivalled seat costs, ensuring flynas can compete effectively in the growing regional market, a key focus area for the airline.

The A330neo delivers unbeatable operating economics, powered by the latest-generation Rolls-Royce Trent 7000 engines, featuring new wings and a range of aerodynamic innovations resulting in a 25 percent reduction in fuel consumption and CO₂ emissions compared to previous generation competitor aircraft. The A330neo is capable of flying 8,150 nm / 15,094 km non-stop, providing ultimate comfort with more passenger space, a new lighting system, latest in-flight entertainment systems and full connectivity throughout the cabin.

As with all Airbus aircraft, the A330 family is already able to operate with up to 50% Sustainable Aviation Fuel (SAF). The manufacturer is targeting to have its aircraft up to 100% SAF capable by 2030.

Source: Airbus
Photo Credit: Airbus

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