(22 Oct 2021)
Boeing has forecast 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.
The projection is part of Boeing’s 2021 Commercial
Market Outlook (CMO), the company’s long-term assessment of demand
for commercial airplanes and services.
Africa’s strong, long-term growth prospects for
commercial aviation are closely tied to the continent’s projected
3% annual economic growth over the next 20 years. Initiatives such
as the African Continental Free Trade Area and Single African Air
Transport…