Weekly Newsletter

15 September 2023

Weekly Newsletter

15 September 2023

Africa’s domestic air traffic to quadruple in 20 years, says Boeing

The aircraft manufacturer released data in its 2023 Commercial Market Outlook forecasting an above average growth for the continent’s aviation industry.

Noah Bovenizer September 13 2023

Domestic passenger air traffic in Africa will more than quadruple in the next two decades according to a new report from Boeing, which says that more than 1,000 new aircraft will be needed to keep up with demand. 

The data, which comes as part of the company’s Commercial Market Outlook for 2023, shows that overall African air traffic growth is forecast above the global average (6.1%) at 7.4% with flights already above pre-pandemic levels. 

Boeing’s Middle East and Africa commercial marketing managing director Randy Heisey said: “African carriers are well-positioned to support intra-regional traffic growth and capture market share by offering services that efficiently connect passengers and enable commerce within the continent. 

“We forecast an increase in the average aircraft size and seats per aircraft for the African fleet, as single aisles, like the Boeing 737 MAX, will be the most in demand for the continent.” 

Boeing estimates that 1,025 new aeroplanes will be needed by 2042 to both keep up with air traffic growth and replace existing fleets, with nearly one in five expected to be replacing older aircraft. 

As highlighted by Heisey, single-aisle, narrow body jets are expected to be the biggest driver behind fleet growth, accounting for more than 70% of commercial deliveries.

A significant rise in the aviation workforce is also expected with 21,000 pilots, 22,000 technicians, and 26,000 cabin crew members expected to be required over the period.

Boeing’s forecasts will be no surprise to some as the African aviation market has seen a strong push of activity recently as the continent looks to capitalise on a rapidly growing population that is currently underrepresented in the global aviation industry, accounting for just 2% of air passenger and cargo transport activity. 

This was highlighted by the recent announcements that the African Airlines Association had joined the International Air Transport Association’s Focus Africa initiative to bolster the African aviation industry while Menzies Aviation became the first ground services company to partner with the initiative.

Cryptocurrency - The world’s most polarizing technology theme

The globalization and digitization of travel and tourism are both driving the demand for easy-to-use and cheap international transaction processes and payment systems. Tourists are beginning to discover that cryptocurrencies offer such opportunities—by simplifying cross-border transactions and overcoming the associated foreign currency exchange costs. At present, cryptocurrencies are the most advanced application of public blockchains that promise benefits such as a universal means of payment and minimal fees through the removal of intermediaries.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close