As African Aviation Traffic Builds, Boeing Forecasts Demand For 1,025 New Airplanes
Portfolio Pulse from Benzinga Newsdesk
Boeing (NYSE:BA) forecasts a demand for 1,025 new airplanes in Africa over the next 20 years, driven by a projected intra-African passenger traffic growth of over 4 times. The overall African air traffic growth is forecast at 7.4%, above the global average of 6.1%. The African commercial jet fleet is expected to more than double to 1,550 aircraft. Single aisle jets like the Boeing 737 MAX are expected to be in high demand. The African aviation traffic has recovered strongly in 2023, with flights currently 8% above pre-pandemic levels.
September 13, 2023 | 2:37 pm
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Boeing's forecast of high demand for new airplanes in Africa over the next 20 years indicates potential growth in revenues and assets. The recovery of African aviation traffic and the projected growth in intra-African passenger traffic could positively impact Boeing's sales.
The news directly mentions Boeing's forecast of high demand for new airplanes in Africa over the next 20 years. This indicates potential growth in Boeing's revenues and assets. The recovery of African aviation traffic and the projected growth in intra-African passenger traffic could lead to increased sales for Boeing, positively impacting its stock price.
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