Africa will need 700 aircraft by 2030, says Boeing

US aircraft manufacturer Boeing anticipates that Africa would require about 700 aircraft worth US$80 billion over the next two decades to meet increased demand as the continent's economy picks up, Reuters reported.

"As the demand for African commodities grows and foreign development and tourism increase, African carriers will require a modernised fleet to compete on routes dominated by foreign carriers," said Mike Warner, a senior market analyst for Boeing Commercial Airplanes.

Mr Warner said in a statement that Africa's current fleet was on average nearly 20 years old in a market where more fuel-efficient airplanes were deemed desirable to help offset high fuel costs and essentially improve bottom lines.

He said growth in the airline market, along with demand for new more fuel-efficient jets, would drive new airplane deliveries to Africa, said Reuters.
(Source:www.schednet.com)