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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Piper Aircraft 2024 YTD Performance Up – On Track for Record, Full Year Deliveries Approaching 300 Aircraft

United States headquartered training aircraft manufacturer Piper Aircraft sustained solid new aircraft deliveries and revenue performance throughout the first half of 2024. Reflecting a strong global demand, Piper is on track to deliver approximately 300 aircraft this year, a 22% increase from the previous year.

Deliveries in the first half of 2024 increased by 16% compared to the same period in 2023. Despite a marginal dip in Q1 2024, attributable to the launch and late Q1 FAA certification of Piper’s new flagship M700 FURY, the second quarter saw deliveries rise by 30% and revenue by nearly 9%.

Among the approximately 300 aircraft scheduled for this year, Piper is set to deliver nearly 50 of its new M700 FURY aircraft, with international validations and certifications expected to further boost deliveries in the second half of the year.

Our trainer and M-Class markets remain robust and we are pleased with our delivery performance this year and the positive reception from our customers with the launch of the M700 FURY,” said Ron Gunnarson, VP of Marketing, Sales & Customer Support at Piper Aircraft. “Our dealer and factory team’s dedication to excellence and our focus on customer satisfaction have been key drivers of our success.

As Piper Aircraft continues to expand its operations and product offerings, it remains committed to delivering exceptional value and performance to its customers worldwide.

About Piper Aircraft
Piper Aircraft Inc., headquartered in Vero Beach, Fl., offers aviators throughout the world efficient and reliable single and twin-engine aircraft and is the first general aviation aircraft manufacturer in the world to certify Garmin® Emergency Autoland. The single-engine M-Class series – the M700 FURY, M500, and M350 – offers businesses and individuals elegant performance, value and a superior ownership experience. The Personal Class Archer LX and Archer DLX balance proven performance, efficiency, and simplicity in a piston-powered aircraft. The Trainer Class Pilot 100i, Archer TX, Archer DX, and Seminole aircraft form the most complete technically advanced line of pilot training aircraft in the world. Piper is a member of the General Aviation Manufacturers Association. To learn more about Piper Aircraft, visit the company’s website at www.piper.com.

About the Piper M700 FURY
The Piper M700 FURY™ certified in March of 2024 and comes standard with the HALO Safety System, featuring Garmin Emergency Autoland. This revolutionary system includes digital technology that safely lands the aircraft at the nearest 2 suitable airport in the event that the pilot is incapacitated. Additionally, the M700 FURY G3000® avionics suite includes; Autothrottle, Emergency Descent Mode, Electronic Stability Protection (ESP™), SurfaceWatch™, SafeTaxi®, and Garmin PlaneSync™, all of which are designed to enhance safe operation of the aircraft. Beyond the flight deck, the six-seat M700 FURY is powered by a Pratt & Whitney PT6A-52 700 SHP engine. The aircraft has a maximum cruise speed of 301ktas/557 km/hr, a max range of 1852 nm/3,430 km, and a standard useful load of 2,320 lbs/1,052 kg.

Source: Piper Aircraft
Photo Credit: Piper Aircraft

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Pilot Assessment Solution Provider Symbiotics Announces 2024 Head of Sales Appointment

United Kingdom headquartered global pilot assessment and selection solution provider Symbiotics has announced that James Hoad has started with the organisation as Head of Sales.

James graduated from Birmingham University with a BA Honours degree in Tourism Business Management in 2004. With a passion for aviation, he has over 20 years of experience in the sector, including international ground handling, aviation recruitment, and outsourced flight operations services. James has a strong background in consultative outsourced solutions and has built experience in operations, global account management, and global business development roles. At Symbiotics, he is accountable for all sales within the business, building customer relationships, and developing new sales and customer account strategies.” shared Symbiotics.

To learn more about Symbiotics or James Hoad check out his LinkedIn profile.

Source: Symbiotics

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Aircraft Manufacturer, Embraer, Unveils Enhancements for its Commercial E-Jet Series

Embraer has revealed wide ranging upgrades and performance improvements across its commercial jet product line up. The upgrades on the E195-E2, E190-E2, and E175, including fuel burn and range improvements, avionics and cabin upgrades, were announced at the Farnborough Air Show. As well as improving operational effectiveness these measures also deliver a net present value of US$6million per aircraft over 15 years in cost reduction and additional revenue.

Arjan Meijer, President and CEO, Embraer Commercial Aviation, said, “We aim to continually improve our aircraft and these upgrades announced today – reducing fuel burn and emissions; increasing range; improving the passenger and cabin experience; and adding new technology and connectivity – is great news both for our customers and their guests. Embraer is committed to providing the safest, most efficient, most comfortable, and most commercially savvy jets to our customers.

E175 improvements – adding E2 features

  • Larger overhead bins and mood lighting
  • Multi-band satellite connectivity
  • Recaro Seats
  • Next generation weather and data avionics

The E175 is also receiving a set of upgrades following its last update in 2016 which improved fuel burn by 6.4%. The improvements, available to customers upon request, focus on the cabin and passenger experience, as well as updating some avionics to be more in line with the E2’s.

The E175’s overhead luggage bin capacity will double in size to be similar to those on the E2, now fitting one bag ‘wheels first’ per customer as in the E2. Mood cabin lighting as seen on the E2 will also become available, as will new Recaro seats.

Satellite connectivity will soon be available for the first time on the E175, a major boost for business travelers and those that want to stay connected in the sky. Both Ku and Ka band satellite connectivity will be available for retrofit by 2026.

Finally, data transfer solutions and the weather radar will be upgraded to match the capabilities of the E2. This will enable digital transformation and wireless retrieval of flight data and will be available by Q4/2024The next generation weather radar provides turbulence detection and alert, predictive windsheer detection, and 3-D volumetric scanning and will be available by Q2/2026.

E2 Improvements

  • Fuel burn
  • Improved range
  • GTF time on wing improved
  • Enhanced take off system
  • Cabin optimisation

Fuel Burn – Reduced by 2.5%

E195-E2 12.5% more fuel efficient than competitor aircraft (was 10%)

Fuel burn on the both E2s is improved by 2.5%, making the E195-E2 12.5% more fuel efficient than the closest competitor aircraft. On entry into service the E2 was notably more fuel efficient than advertised. The better burn rates airlines experienced in real world operations have now been ratified. This is also helped by an improvement to the bleed management system which extracts less bleed, demanding less from the engine and therefore saving fuel. The improvement worth US$1 million per aircraft and reinforces a E2´s potion as the most sustainable aircraft in single aisle market.

Improved range – from 2600NM to 3000NM

Range on the E195-E2 has been boosted to 3000NM. The new Max Take Off Weight of 62,500kg was recently certified, which combined with the lower fuel burn provides this range improvement.

GTF time on wing – up 10%

Engine improvements on the E2s GTF engines will increase time on wing by 10%. This is achieved by optimizing climb thrust which demands less of the engine, therefore reducing engine degradation and increasing time on wing. It is expected this will save operators US$0.5million over 15 years.

Range/Payload improvements from challenging airports

Embraer also unveiled its E2 Enhanced Take Off System for the first time. This automatic take off system produces a more precise and efficient rotation moment and flight trajectory, reducing the required field length and pilot workload; meaning more payload and more range from challenging airports. This gives the E2 best in class performance from airports like London City, Florence, and Santos Dumont. Adding 350NM in range from LCY for example.

Cabin optimization– reducing gaps, adding one row, Recaro seats

Cabin optimization on the E195-E2 has allowed Embraer to fit in an extra row of four seats to most configurations. For example, an aircraft configured for 136 seats, would now be able to seat 140 passengers. Max seating remains 146. Recaro seats will now also be an available option. One extra row of seats can generate extra revenue to airlines equivalent to US$4.5m per aircraft over a period of 15 years.

About Embraer
Embraer is a global aerospace company headquartered in Brazil. It manufactures aircraft for Commercial and Executive aviation, Defense & Security, and Agricultural customers. The company also provides after-sales services & support through a worldwide network of wholly owned entities and authorized agents. Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds, an aircraft manufactured by Embraer takes off somewhere worldwide, transporting over 145 million passengers a year. Embraer is the leading manufacturer of commercial jets with up to 150 seats and is the leading exporter of high-value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia, and Europe. Embraer’s APAC headquarters is in Singapore, and its China headquarters is in Beijing. 

Source: Embraer
Photo Credit: Embraer

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Training Aircraft Manufacturer, Cirrus, Celebrates 10,000 SR Series Deliveries with Limited Edition Aircraft

Cirrus, the world’s best-selling high-performance single-engine piston aircraft manufacturer, revealed a one-of-a-kind, Limited-Edition SR Series aircraft to commemorate 10,000 SR Series deliveries. The 10,000th SR Series aircraft celebrates Cirrus’ past, present and future as well as the team who made this milestone possible.Since the first delivery of the SR Series in 1999, Cirrus has pursued its guiding principles of delivering an aviation experience that is the pinnacle of innovation, quality and safety to its customers. This commitment is a testament to Cirrus’ perseverance and the SR Series’ continued evolution and success in delivering the next generation of personal aviation.

The SR Series has reached a monumental achievement with 10,000 deliveries and owners that live the Cirrus Life,” said Zean Nielsen, Chief Executive Officer. “From the Cirrus Airframe Parachute System® (CAPS®) to the Perspective Touch+ flight deck, Cirrus continuously innovates to provide owners with personal aircraft that set the industry standard for aviation safety, luxury, convenience and ease of ownership. We are honored to celebrate 10,000 SR Series aircraft deliveries with our team members, partners and stakeholders.”

The SR Series continues to be the best-selling high-performance single-engine piston aircraft for 22 years. Cirrus achieved the 10,000th aircraft milestone because of its relentless innovation and ability to create industry-leading products and owner services.

In January 2024, Cirrus announced the new SR Series G7 featuring Perspective Touch+ by Garmin with multiple refinements made throughout the aircraft and an all-new interior. The Perspective Touch+ flight deck features expanded systems integration, large widescreen displays and a familiar touchscreen interface for reduced pilot workload and enhanced situational awareness. This system is the most advanced avionics suite available and unlocks new capabilities that seamlessly pair with the high performance of each SR Series model.

The Limited Edition 10,000 aircraft features a custom matte blue and white paint with a hallmark design inspired by forward-moving lines that carry from the front of the aircraft toward the tail interlacing a symbolic Roman numeral ten and showcasing unique details that commemorate Cirrus’ milestone.

About Cirrus
Cirrus is the recognized global leader in personal aviation and the maker of the best-selling SR Series piston aircraft and the Vision Jet®, the world’s first single-engine Personal Jet™, and the recipient of the Robert J. Collier Trophy. Founded in 1984, the company has redefined aviation performance, comfort and safety with innovations like the Cirrus Airframe Parachute System® (CAPS®) – the first FAA-certified whole-airframe parachute safety system included as standard equipment on an aircraft. To date, worldwide flight time on Cirrus aircraft is more than 16 million hours, and 265 people have returned home safely to their families as a result of the inclusion of CAPS as a standard feature on all Cirrus aircraft. The company has seven locations in the United States, including Duluth, Minnesota; Grand Forks, North Dakota; Greater Dallas, Texas; Greater Phoenix, Arizona; and Greater Orlando, Florida; Knoxville, Tennessee and Benton Harbor, Michigan. Learn more at cirrusaircraft.com.

Source: Cirrus
Photo Credit: Cirrus

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Aircraft Manufacturer Embraer Publishes 20-Year Market Outlook in July 2024

  • Worldwide demand for 10,500 sub-150-seat jets and turboprops
  • Value of new orders USD 640 billion
  • North America, followed by Asia Pacific and Europe will lead jet deliveries

Embraer has published Market Outlook 2024, its 20-year forecast for commercial aircraft deliveries in the sub-150-seat category. The report was presented at a press briefing during the Farnborough International Airshow 2024.

Market Outlook 2024 estimates 10,500 orders for new jets and turboprops through 2043. It also presents analyses of global influences and trends in six world regions that impact the demand for new aircraft.

The relevance of the small narrowbody category is increasing. Larger aircraft are not always economically or operationally optimal for medium and lower-density markets, particularly when multiple daily frequencies are essential for those cities to stay well-connected. Fleets with these aircraft benefit when complemented by smaller narrowbodies in the sub-150-seat segment. Small narrowbodies go where bigger jets cannot, do so more frequently, and usually more profitably. As the average aircraft size in key world regions increases, a reflection of the strong orderbook for 200-seat narrowbodies, it becomes clear that a mixed fleet of small and large narrowbodies is the best way to serve the diverse characteristics of an airline network.

Arjan Meijer, Embraer’s President & CEO of Commercial Aviation, said, “A mix fleet of sub-150-seat jets and larger narrowbodies will be the successful fleet strategy for the next 20 years. The post-pandemic environment is different in so many ways. The business/leisure passenger mix is different. Demand patterns are different. The corporate workplace is different. And e-commerce is booming. Carriers are adding capacity in big markets, yet smaller cities still need to stay well-connected to airline networks with high frequency air service. We believe aircraft in the sub-150-seat category are the most efficient and cost-effective to address that need.

The Market Outlook also contains analysis of the cargo aircraft market and cites new opportunities for small-narrowbody freighters resulting from the projected growth in online commerce.

Highlights of the 20-Year Commercial Market Outlook – By the Numbers 

World passenger traffic, measured in revenue passenger kilometers, has returned to 2019 levels except for the Asia Pacific/China region. RPKs are forecast to grow 4% annually through 2043.

Annual RPK regional growth rate – ranked

5.0% Asia Pacific (includes China)
4.9% Latin America
4.4% Africa
4.4% Middle East
3.3% Europe
2.4% North America

RPK share by the end of 2043

38% Asia Pacific
38% Europe + North America

Global demand for new aircraft up to 150 seats

10,500 units
8,470 jets
2,030 turboprops

Market value of all new aircraft

USD 640 billion

Jet deliveries – 8,470 (% share) – by region

2,610 North America (30.8%)
2,260 China & Asia Pacific (26.7%)
2,110 Europe & CIS (24.9%)
770 Latin America (9.1%)
380 Africa (4.5%)
340 Middle East (4.0%)

Turboprop deliveries – 2,030 (% share) – by region

980 China & Asia Pacific (48.3%)
350 North America (17.2%)
290 Europe & CIS (14.3%)
220 Africa (10.8%)
160 Latin America (7.9%)
30 Middle East (1.5%)

Source: Embraer

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Flight Simulation Solution Provider True Course Simulations Launches Mixed Reality Flight Simulator at EAA Airventure 2024

United States based flight training simulation solution provider True Course Simulations has shared it has launched the world’s first commercially available civilian mixed reality flight simulator.

Mixed reality allows the pilot to see their own hands, the controls, and avionics using pass through portals in the MR headset. Outside of the cockpit, the pilot sees the virtual world. Fly fully immersed, anywhere you want, in any conditions, while still seeing your hands and the tactile parts of the physical cockpit.” shared True Course Simulations.

Source: True Course Simulations

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Boeing Projects Global Need for Nearly 2.4 Million New Commercial Pilots

  • 2024 Pilot and Technician Outlook forecasts Eurasia, China and North America account for more than half of demand for aviation personnel through 2043
  • South Asia, Southeast Asia and Africa are fastest-growing regions for staffing
  • Boeing competency-based training and assessment programs help enhance aviation safety and ensure high quality training as needs grow

Over the next 20 years, Boeing projects a continued significant demand for aviation personnel as the global commercial airplane fleet continues to expand. The company’s 2024 Pilot and Technician Outlook (PTO) shows the industry will require nearly 2.4 million new professionals to support the growing commercial fleet and meet the long-term increase in air travel.

According to the latest PTO, commercial carriers will need the following new personnel through 2043 to sustain the global commercial fleet:

  • 674,000 pilots
  • 716,000 maintenance technicians
  • 980,000 cabin crew members.

Driven by aviation traffic trending above pre-pandemic levels, personnel attrition and commercial fleet growth, the demand for aviation personnel continues to rise,” said Chris Broom, vice president, Commercial Training Solutions, Boeing Global Services. “We are focused on being a reliable and innovative partner in the lifecycle of aviation training. Our offerings are rooted in competency-based training and assessment programs to help ensure high quality aviation training starting in flight schools and in commercial operations while helping enhance aviation safety through immersive and virtual training solutions.

Through 2043, the PTO projects:

  • Demand for new personnel driven primarily by single aisle airplanes, except in Africa and Middle East where widebody airplane demand leads.
  • Eurasia, China and North America drive demand for more than half of new industry personnel.
  • South AsiaSoutheast Asia and Africa are the fastest-growing regions for personnel with staffing demand expected to more than triple over 20 years.
  • Two-thirds of new personnel will address replacement due to attrition, while one- third supports growth in the commercial fleet.

he PTO forecast includes these projections for industry needs through 2043:

Region

New Pilots

New Technicians

New Cabin Crew

Global

674,000

716,000

980,000

Africa

23,000

25,000

28,000

China

130,000

137,000

163,000

Eurasia

155,000

167,000

240,000

Latin America

39,000

42,000

54,000

Middle East

68,000

63,000

104,000

North America

123,000

123,000

184,000

Northeast Asia

25,000

30,000

43,000

Oceania

11,000

12,000

18,000

South Asia

40,000

40,000

49,000

Southeast Asia

60,000

77,000

97,000

Source: Boeing

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