Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

THE BOEING COMPANY

(BA)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/07 02:33:09 pm
210.68 USD   +2.33%
11:35aPE firm 777 Partners nearly doubles 737 MAX order
RE
10:37aBoeing Receives Order For Additional 737 MAX Jets From 777 Partners
MT
10:10aBoeing Secures Order for 30 Additional 737 Max Jets From 777 Partners
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Boeing : Forecasts Africa's 20-year Commercial Aviation Market Opportunity Valued at Nearly $400 Billion

10/22/2021 | 06:44am EST

Boeing Forecasts Africa's 20-year Commercial Aviation Market Opportunity Valued at Nearly $400 Billion

Africa's commercial airplane fleet projected to grow to 1,560 over the next 20 years

80% of new deliveries are for African carrier growth as intra-continent traffic rises

DUBAI, United Arab Emirates, Oct. 21, 2021-Boeing [NYSE: BA] forecasts 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, enabling growth for air travel and economies across the continent. Boeing shared the projection as part of the 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 Market are expected to stimulate trade, air travel and economic cooperation. Additionally, the region's middle class and working population is projected to double by the end of the forecast period, driving increased demand for air travel, according to Boeing.

"Africa has healthy opportunities to expand travel and tourism, coinciding with increasing urbanization and rising incomes," said Randy Heisey, Boeing managing director of Commercial Marketing for Middle East and Africa. "African carriers are well-positioned to support inter-regional traffic growth and capture market share by offering services that efficiently connect passengers and enable commerce within the continent."

The 2021 Africa CMO also includes these projections through 2040:

* Airlines in Africa will grow their fleets by 3.6% per year to accommodate passenger traffic growth of 5.4% annually, the third-highest growth rate in the world.

* Single-aisle jets are expected to account for more than 70% of commercial deliveries, with 740 new planes mainly supporting domestic and inter-regional demand. In addition, African carriers are estimated to need 250 new widebodies, including passenger and cargo models, to support long-haul routes and air freight growth.

* 80% of African jet deliveries are expected to serve fleet growth with more sustainable, fuel-efficient models such as the 737, 777X and 787 Dreamliner, with 20% of deliveries replacing older airplanes.

* Estimated demand for aviation personnel will rise to 63,000 new professionals, including 19,000 pilots, 20,000 technicians and 24,000 cabin crew members.

* Commercial services opportunities such as supply chain, manufacturing, repair and overhaul are valued at $235 billion.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. The company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.

# # #

Contact:

Ivan Gale

Boeing Communications

+1 571 228 0974

Ivan.e.gale@boeing.com

Zeina El Hakam

Boeing International

+971 50 210 0810

Zeina.elhakam@boeing.com

Brianna Jackson

Boeing Communications

+1 206 512-7388

brianna.jackson@boeing.com

.

(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

All news about THE BOEING COMPANY
11:35aPE firm 777 Partners nearly doubles 737 MAX order
RE
10:37aBoeing Receives Order For Additional 737 MAX Jets From 777 Partners
MT
10:10aBoeing Secures Order for 30 Additional 737 Max Jets From 777 Partners
MT
09:41a777 Partners Orders 30 Additional 737 MAX Airplanes
PR
08:13aAustralian budget airline Bonza to lease up to 8 737 MAX jets in first year
RE
12/06BOEING : Expands 737-800BCF Conversion Capacity to Meet Strong Market Demand
PU
12/06US Indices Rebound on Indications Omicron Less Severe Than Previously Anticipated; Trea..
MT
12/06Equities Jump Midday, Driven by Reopening Plays as Signs Show Omicron Severity Likely t..
MT
12/06MIDDAY REPORT : US Stocks Jump Led by Reopening Plays as Signs Show Omicron Severity Likel..
MT
12/06UK Trade Secretary Set to Negotiate Removal of US Tariffs on Steel, Aluminum
MT
More news
Analyst Recommendations on THE BOEING COMPANY
More recommendations
Financials (USD)
Sales 2021 65 296 M - -
Net income 2021 96,6 M - -
Net Debt 2021 43 687 M - -
P/E ratio 2021 1 798x
Yield 2021 -
Capitalization 121 B 121 B -
EV / Sales 2021 2,52x
EV / Sales 2022 1,82x
Nbr of Employees 141 000
Free-Float 58,0%
Chart THE BOEING COMPANY
Duration : Period :
The Boeing Company Technical Analysis Chart | BA | US0970231058 | MarketScreener
Technical analysis trends THE BOEING COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 205,88 $
Average target price 264,50 $
Spread / Average Target 28,5%
EPS Revisions
Managers and Directors
David L. Calhoun President, Chief Executive Officer & Director
Brian J. West Chief Financial Officer & Executive Vice President
Lawrence W. Kellner Non-Executive Chairman
Gregory L. Hyslop Chief Engineer, EVP-Engineering, Test & Technology
Susan Doniz Chief Information Officer & SVP-Data Analytics
Sector and Competitors
1st jan.Capi. (M$)
THE BOEING COMPANY-3.82%120 996
AIRBUS SE14.55%91 136
TEXTRON INC.52.70%16 267
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.57.12%10 897
DASSAULT AVIATION SA3.68%8 724
AVICOPTER PLC24.19%7 200