Saturday, October 23, 2021

Europe’s low-cost carriers will help drive demand for new aircraft in next 20 years: Boeing

European low-cost carriers will help drive demand for new planes in the region over the next 20 years, as airlines replace their older fleets with more fuel-efficient jets, planner Boeing said on September 21.

Boeing said it expects airlines in Europe to order 7,100 new single-aisle aircraft between now and 2040. Single-aisle aircraft are generally used for short journeys.

Boeing’s vice president of commercial marketing, Darren Hulst, said that 7,100 new single aisle jets, with Boeing’s 737 jets competing against Airbus’ A320s and A321s, said he expects demand for close to 3,000 over the next 10 years. .

Boeing said budget airlines prefer Ryanair, which last week announced it had raised its five-year passenger traffic growth forecast to 50 percent. Hulst also noted that demand for aircraft by low-cost carriers in Europe will be stronger than anywhere else in the world.

“Globally our forecast is normally about 40 percent of single isle demand for low-cost carriers, and I would say you could argue in this European space that the number would be a little higher,” he said at a press briefing.

The announcement comes just days after Ryanair said it has extended its five-year passenger traffic growth after shareholders approved the company’s COVID-19 recovery plans.

Before the COVID-19 pandemic, the company’s passenger traffic was 149 million, but it now expects to exceed 225 million by March 2026, which is 25 million passengers per year more than the previous target of 200 million.

Ryanair said growth will be driven by the delivery of 210 new Boeing 737 MAX jets over the next five years. However, the plans are not subject to any adverse COVID-19 developments and vaccination levels across Europe remain at 90 percent

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Ryanair said the Boeing 737 MAX jet will provide “the industry’s lowest cost, low emissions, and will enable Ryanair” [to] Opening up opportunities at primary and secondary airports across Europe, as well as accelerating post-COVID growth, particularly where legacy carriers have failed or reduced fleet size as a result of COVID and state aid Have given. “

The Irish airline, one of Boeing’s biggest customers in Europe, abruptly ended talks with the US planmaker in September on a new order for the larger 737 MAX 10 jet, worth tens of billions of dollars, in line with prices slashed by the budget carrier. After the offer was said. were very high.

But Hulst showed no hard feelings, saying he was welcome to come back if Ryanair wanted more.

“I think we’ll continue to make sure that the 737 MAX 10 and you know other derivatives of the 737 can help Ryanair change the game even more,” he said.

Elsewhere on Tuesday, Boeing said it expects demand for 1,545 new jets in the wide-body or long-range sector in Europe over a 20-year period.

Reuters contributed to this report.

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Katabella Roberts is a reporter currently based in Turkey. She covers news and business for The Epoch Times, focusing primarily on the United States.

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This News Originally From – The Epoch Times

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