Airbus estimates aviation recovery in the Middle East by the late 2022.

According to Airbus, airlines operating in the Middle East will require 3,020 additional passenger and freight aircraft deliveries by 2040.

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Aerospace and Defense Review | Monday, July 25, 2022

Airlines operating in the MIddle East will need 3020 new aircraft deliveries by 2040, states European plane maker.

FREMONT, CA:According to Airbus, airlines operating in the Middle East will require 3,020 additional passenger and freight aircraft deliveries by 2040. According to the company's 2021 Airbus Global Market Forecast (GMF), which was unveiled at the Dubai Airshow 2021, this will raise the overall fleet to 3,210 aircraft, up from a baseline of 1,300 aircraft in 2019.

During this time, the region's fleet will migrate to new generation types such as the A220, A320neo family, A330neo, and A350, resulting in considerable efficiency gains and lower carbon emissions per passenger, according to the report. The forecasted 2.3 percent CAGR increase in GDP between now and 2040 will drive growth, as aviation and tourism will continue to be significant growth areas for the Middle East. According to Airbus, the Middle East's air traffic would fully rebound to 2019 levels between late 2022 and mid 2024. Cargo volumes are already 9 percent higher than pre-crisis levels globally, and 18 percent higher in the Middle East.

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The region's strategic location, which is a major economic, business, and cultural link between the East and the West, is responsible for this remarkable resurgence, Airbus stated. Aviation is in the forefront of long-term planning in the Middle East, owing to the government's vision and strategic investment plans. A return to the sky will be aided by all of these causes. By 2040, passenger traffic in the Middle East is expected to grow by a ratio of 2.7. According to the Airbus estimate, cargo traffic to and from the Middle East will grow by a ratio of 1.8. Today, the Middle East is home to five of the world's top aviation cities, including Dubai and Abu Dhabi, which serve more than 10,000 long-haul passengers every day.

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