Africas commercial airplane fleet projected to grow to 1,560 over the next 20 years

Boeing Forecasts Africas 20-year Commercial Aviation Market Opportunity Valued at Nearly $400 billion

Boeing [NYSE: BA] forecasts that Africa’s airlines will require 1,030 new airplanes by 2040 valued at $160 billion and aftermarket services such as manufacturing and repair worth $235 billion, enabling growth for air travel and economies across the continent. Boeing shared the projection as part of the 2021 Commercial Market Outlook (CMO), the company’s long-term assessment of demand for commercial airplanes and services. [Read More]