Market Intelligence: -Airline Aircraft Orders

UAE Based Airline, flydubai, Places Orders for 30 Boeing 787 Dreamliners, Its First Widebody Airplanes

Boeing and flydubai announced an agreement to purchase 30 787-9 Dreamliners as the airline diversifies its fleet with the introduction of widebody jets. In a signing ceremony at the Dubai Airshow, the Dubai-based carrier said it plans to use the efficient 787 to open new routes and grow capacity on existing routes.

“In 2008 when we placed our first-ever order for 50 Boeing 737 aircraft, we were confident of the vital role flydubai would play in supporting Dubai‘s aviation hub,” said His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai. “I am proud today to see flydubai evolve further, surpassing labels and challenging the traditional conventions around travel. Today’s order reaffirms flydubai’s commitment to enabling more people to travel across its expanding network. The highly fuel-efficient Boeing 787 Dreamliner will allow flydubai to expand its horizon and cater to the growing demand on existing routes.”

“Innovation is at the heart of everything we do at flydubai. We are committed to offering the right product at the right time to cater to the changing market and customer needs,” said Ghaith Al Ghaith, Chief Executive Officer at flydubai. “The Boeing 787 Dreamliner offers a perfect combination of operational excellence, fuel efficiency as well as passenger appeal.”

The 787-9 can fly 296 passengers 14,010 km (7,565 nautical miles) in addition to more cargo. Since revenue service began in 2011, the 787 family has launched more than 380 new nonstop routes around the world. Half of all 787 Dreamliner flights are operated in short- and medium-haul markets below 5,000 km (2,700 nautical miles), demonstrating its versatility and efficiency across all network segments.

“The 787-9 is perfectly suited for the needs of flydubai as it looks to open up longer-range routes and add capacity across its network,” said Stan Deal, president and CEO of Boeing Commercial Airplanes. “flydubai passengers will enjoy the Dreamliner effect, an experience like no other in the air, flying with more comfort and arriving at their destinations feeling more refreshed.”

flydubai currently operates an all-737 fleet of 79 airplanes. The airline has an order backlog of 137 737s.

According to Boeing’s Commercial Market Outlook, the Middle East airplane fleet is projected to more than double over the next 20 years. Nearly half of these deliveries will be widebody airplanes, driven by the region’s growing position as an international air transit hub.

About Boeing

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity. 

Source: Boeing
Photo Credit: Boeing

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Middle East Airline Fleet to More Than Double by 2042, Says Boeing

Boeing forecasts widebody airplanes will comprise 45% of deliveries to Middle East airlines over the next 20 years ─ the highest percentage of the 10 global regions featured in Boeing’s Commercial Market Outlook (CMO) forecast. The region’s fleet of dedicated freighters is projected to more than double to 180 jets by 2042, according to the CMO, Boeing’s annual long-term forecast of demand for commercial airplanes and services.

“Airlines in the Middle East have increasingly expanded their influence and reach, transforming the region into an international air transit hub,” said Darren Hulst, Boeing vice president, Commercial Marketing. “Air travel and cargo demand continue to gain momentum, driven by significant economic growth and national development plans. As airlines in the region will require efficient and versatile fleet solutions, Boeing products will be ready to meet market demands.”

The CMO projects delivery of 3,025 new commercial airplanes in the Middle East by 2042, including 1,350 widebodies. Many airlines in the region provide service between major population centers in Asia, Africa and Europe via growing hubs that offer efficient connectivity. As a result, a higher proportion of widebody aircraft are needed to carry larger passenger volumes.

The Middle East single-aisle fleet is also expected to more than double as low-cost carriers (LCC) and short-haul networks continue to develop and expand. By 2042, nearly half of the region’s aircraft will be single-aisle jets.

Additional 2023 CMO highlights for the Middle East through 2042 include:

  • Two-thirds of new deliveries will support air traffic and cargo growth while one-third of deliveries will replace older airplanes with more fuel-efficient models
  • The total fleet will increase 2.4 times to 3,360 airplanes — 1,610 (48%) will be single aisles, while 1,520 (45%) will be widebodies
  • The commercial fleet will generate demand for $335 billion in aviation services including maintenance, repair, training and spare parts

Recent orders and deliveries in the region:

  • Iraqi Airways Celebrates Delivery of its First Boeing 787 Dreamliner (Jun. 22, 2023)
  • SAUDIA to Grow Long-Haul Fleet with up to 49 Boeing 787 Dreamliners (March 14, 2023)
  • New Saudi Arabian Carrier Riyadh Air to Launch with All-Boeing Fleet of up to 72 787-9 Dreamliners (March 14, 2023)

Boeing has published the CMO annually since 1961. As the longest-running jet forecast, the CMO is regarded as the most comprehensive analysis of the commercial aviation industry. Learn more about the Commercial Market Outlook on Boeing.com or search “Boeing CMO” in your smartphone app store.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.

Source: Boeing
Photo Credit: Boeing

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Boeing: Southeast Asia Fleet Will Nearly Quadruple Over The Next 20 Years

  • Fleet will grow 6.9% annually, twice the global rate, tied to low-cost carrier expansion
  • Region will account for nearly half of Asia-Pacific deliveries outside China

Boeing says Southeast Asia’s commercial airplane fleet will nearly quadruple to more than 4,000 jets by 2042, becoming one of the global leaders in air traffic and fleet growth. As low-cost carriers (LCCs) become the dominant business model and expand networks across the vast region, Southeast Asia will be the world’s fastest-growing single-aisle airplane market through the 20-year forecast period.

These projections are included in Boeing’s 2023 Commercial Market Outlook (CMO), the company’s annual long-term forecast of demand for commercial airplanes and related services.

“As the Southeast Asia market reopens, air traffic will grow substantially,” said Dave Schulte, Boeing Commercial Marketing managing director for Asia-Pacific. “Expanded connectivity, tourism and low fares will continue to stoke new and increased travel, especially among a growing middle class across the region. The role of LCCs will continue to rise to fill that demand for air travel.”

LCCs in Southeast Asia will add more than 2,000 new single aisle jets over the next 20 years, nearly two-thirds of overall projected 3,390 single-aisle deliveries in the region. LCCs will transport 56% of passenger traffic in 2042, compared to 22% in 2012.

The 2023 Southeast Asia CMO also includes these projections by 2042:

  • 83% of deliveries to the region will support fleet growth, while 17% will replace older airplanes with more fuel-efficient models
  • The widebody fleet will see a three-fold increase, with demand for nearly 800 airplanes including passenger jets such as Boeing’s 787 Dreamliner, 777X and freighter models
  • Fleet growth will drive demand for $310 billion in aviation services including maintenance, repair, training and spare parts

Commercial airplane deliveries to Southeast Asia (2023-2042)

  • Regional Jet 45
  • Single Aisle 3,390
  • Widebody 770
  • Freighter 20

Total 4,225

Source: Boeing
Photo Credit: Boeing (shown as meta image)

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Global Aircraft Manufacturer, Boeing, to Showcase Latest Innovations and Services in the Upcoming Dubai Airshow 2023

Boeing will show its market-leading commercial, defense and services portfolio at the 2023 Dubai Airshow, with its new widebody 777-9 jet appearing in the flying display. The company also will demonstrate the state-of-the-art F-15QA (Qatar Advanced) fighter, the first time the digitally advanced Qatar Emiri Air Force F-15 has performed at an air show.

As a strategic sponsor of the airshow’s Aerospace 2050 conference, Boeing will highlight its commitment and actions towards a more sustainable aerospace future and support of the aviation industry’s goal of net-zero emissions by 2050.

“We’re proud to again join the Dubai Airshow and share some of our most advanced products and services with customers, suppliers, partners and aviation enthusiasts attending from around the globe,” said Dr. Brendan Nelson AO, president of Boeing Global. “We will also focus on our investments in technology and other actions to reduce industry emissions ahead of the U.N. Climate Change Conference of the Parties (COP 28) in Dubai.”

Boeing will offer these events during the airshow:

Boeing Commercial Airplanes

  • From November 13-15, Boeing’s widebody 777-9 flight-test airplane will perform in the flying display and be on static display. The world’s largest and most efficient twin-engine jet, the 777-9 is based on the industry’s most successful twin-aisle family – the 777 – with advanced technologies from the 787 Dreamliner. The jet can seat 426 passengers with a range of 13,510 km (7,295 nautical miles).
  • Customer displays will include 787-9 Dreamliners from Etihad Airways and Qatar Airways, an Emirates Airlines 777-300ER (Extended Range), a SAUDIA 787-10 Dreamliner and an Air India Express 737 MAX.
  • Riyadh Air, Saudi Arabia’s newest carrier, will display a Boeing-owned 787-9 in its new indigo livery, inspired by the colors of the sky at dusk.
  • On Nov. 14, Darren Hulst, vice president of Commercial Marketing, will present the 2023 Middle East Commercial Market Outlook (CMO) and a product overview. The Boeing CMO is the industry’s most comprehensive market analysis.

Boeing Defense, Space & Security

  • The superior capability of Boeing’s Advanced F-15QA fighter jet will be on display as the aircraft performs in aerial demonstrations.
  • Boeing will feature the T-7A Red Hawk Advanced Pilot Training System simulator, giving visitors a glimpse into the revolutionary ground-based training system, connecting simulators to real training jets.
  • Global defense customers will display several Boeing aircraft including the F-15E, KC-46A Pegasus, P-8A Poseidon, AH-64 Apache and CH-47F Chinook.

Boeing Global Services

  • Boeing will showcase services for government and commercial customers including digital, sustainment, modifications, parts and training solutions.
  • The company will highlight in-country partnerships providing on-the-ground support for defense platforms as well as digital capabilities enabling the future of efficient commercial aviation operations.

Sustainable Aviation

  • On Nov. 13, Sheila Remes, vice president of Environmental Sustainability, will join a panel at the Aerospace 2050 forum to discuss Boeing and industry efforts to decarbonize aviation.
  • On Nov. 14, Brian Moran, vice president of Global Sustainability Policy & Partnerships, and Jim Hileman, chief engineer and vice president of Sustainability & Future Mobility, will discuss Boeing’s Cascade Climate Impact Model, a data-modeling tool that provides actionable insights towards decarbonization.

Innovation and Technology

  • Boeing-led Aerospace Xelerated is a strategic partner of the Vista 2023 startup hub at Dubai Airshow and plays a key role in mentoring emerging aerospace technology companies. Aerospace Xelerated will highlight its 10 portfolio companies supported by the UAE’s Tawazun Council.
  • Also exhibiting at Dubai Airshow is Boeing’s Applied Innovation team, which is dedicated to bringing startup innovation and technology of startups into Boeing products and services, and seven portfolio companies.

Visit the Boeing Exhibit 1005 to learn more about the company’s capabilities through the lifecycle of several customer-focused products.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.

Boeing’s relationship with the Middle East extends back to 1945. Since then, Boeing has established a number of offices across the region including in Riyadh, Dubai, Abu Dhabi, Doha and Kuwait.

Source: Boeing
Photo Credit: Boeing

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