# Global Aircraft Forecast: Market Leaders and Regional Growth Drivers

## Executive Summary

As global air travel rebounds from the pandemic and the aviation industry increasingly prioritizes efficiency and sustainability, aircraft manufacturers are entering a new phase of competition and innovation.

This report examines the companies best positioned to capitalize on future demand for new, fuel-efficient aircraft, identifies key growth trends, analyzes regional market dynamics, and assesses the strategic positioning of major manufacturers.

The analysis reveals that while established players like Boeing and Airbus continue to dominate, regional dynamics are shifting, with Asia-Pacific and the Middle East emerging as critical growth markets.

## Key Trends Driving Aircraft Market Growth

### Sustainability and Fuel Efficiency
The aviation industry is experiencing a significant shift toward sustainable aircraft development.

NASA and Boeing are collaborating on a new passenger aircraft design focused on lower fuel consumption and reduced emissions, with NASA investing $425 million over seven years and Boeing contributing approximately $725 million to the project.

Engine manufacturers are placing strategic bets on fuel-saving technologies that will influence aircraft development throughout the next decade.

### Market Recovery and Growth
The global aircraft market is demonstrating strong recovery signals:
- Fixed-wing aircraft deliveries reached 3,050 units, up from 2,799 the previous year
- The total value of aircraft deliveries increased to $23.

4 billion, a 2.

2% rise from $22.

9 billion in 2022
- Piston aircraft deliveries rose 11.

8%, turboprop deliveries increased 9.

6%, and business jet deliveries climbed 2.

5%

Boeing's Commercial Market Outlook forecasts that global airlines will need 42,595 new aircraft by 2042, indicating substantial long-term demand.

### Supply Chain Dynamics
Airlines have gained increased bargaining power due to supply shortages, making aircraft manufacturers more stringent on pricing and more cautious than in previous cycles.

This dynamic is influencing how manufacturers approach order books and delivery schedules.

## Regional Market Dynamics

### Asia-Pacific: The Primary Growth Engine
The Asia-Pacific region is emerging as the most significant driver of global aircraft demand:
- Boeing expects the region's passenger traffic to surpass pre-pandemic demand within the next few years
- Southeast Asia's fleet and commercial flights have already increased more than 50% in 2022 compared to 2019
- Nearly 70% of all new deliveries in Southeast Asia will serve growth in demand over the next 20 years
- India is highlighted as the world's fastest-growing aviation market, making it increasingly important for aircraft manufacturers

### China: Strategic Market with Shifting Dynamics
China remains a critical market with unique characteristics:
- At its peak in 2018, China took approximately 350 jets in a single year
- Chinese carriers traditionally balance deals between Airbus and Boeing to maintain maximum leverage
- Analysts suggest China is preparing for a significant market comeback, potentially putting the US at a disadvantage
- Airbus could further strengthen its position by prioritizing China's deliveries

### Middle East: Ambitious Expansion Plans
The Middle East is demonstrating strong commitment to aviation growth:
- The region is expected to see 3,000 new aircraft enter service by 2040
- Middle East-based airlines will require 3,025 new aircraft by 2042 according to Boeing's forecast
- Approximately 40% of these new aircraft will replace currently operating fleets
- The region emphasizes sustainability as a fundamental pillar for sector growth

### Europe: Manufacturing Hub with Market Leadership
Europe maintains a strong position in the global aircraft market:
- Europe accounted for the largest revenue share in the global market in 2020
- This leadership is attributed to the presence of major aircraft manufacturers in the region
- The market is expected to increase significantly during the forecast period

### North America: Leading Aircraft Recipient
North America continues to be the primary destination for new aircraft:
- More than two-thirds of aircraft deliveries went to North America
- The region received 12% of deliveries to Europe and 6.

6% to Asia
- Latin America accounted for 7% of deliveries

## Strategic Positioning of Major Manufacturers

### Boeing
- Projects a return to rapid growth over the next 20 years
- Collaborating with NASA on sustainable aircraft development
- Facing challenges in the Chinese market, potentially at a disadvantage compared to Airbus
- Maintains strong presence in the Middle East and North American markets

### Airbus
- Appears to be gaining ground in the strategic Chinese market
- Received confirmed orders from Saudi low-cost airline NAS for 30 A320neo aircraft
- Well-positioned in the growing Indian market
- Showing strength in the Middle East, with expectations for significant fleet expansion

### Russian Manufacturers (Rostech)
- Plans to deliver more than 110 aircraft of various types by 2025 and over 500 by 2030
- Aims to fill the gap left by Western manufacturers following sanctions
- Claims the break with Airbus and Boeing will be more painful for Western manufacturers than Russia in the long term
- Acknowledges current challenges but views the situation as an "opportunity window"

## Investment Implications

The aircraft manufacturing sector presents several investment considerations:

1.

**Long-term Growth Trajectory**: With Boeing forecasting demand for 42,595 new aircraft globally by 2042, the sector offers substantial long-term growth potential.

**Regional Exposure**: Companies with strong exposure to Asia-Pacific and Middle East markets may benefit disproportionately from growth in these regions.

**Sustainability Focus**: Manufacturers investing in fuel-efficient technologies and sustainable aviation solutions are likely to have competitive advantages as environmental regulations tighten.

**Supply Chain Resilience**: Companies that have successfully navigated supply chain challenges and established robust production systems may be better positioned for consistent growth.

**Market Diversification**: Manufacturers with diversified geographic exposure may be better insulated from regional geopolitical disruptions.

## Conclusion

The global aircraft market is entering a period of robust growth driven by recovering air travel demand, particularly in Asia-Pacific and the Middle East.

While established manufacturers Boeing and Airbus continue to dominate, regional dynamics are creating new competitive landscapes.

The industry's increasing focus on sustainability and fuel efficiency is driving innovation and strategic partnerships.

For investors, companies with strong exposure to high-growth regions, commitment to sustainable technologies, and resilient supply chains appear best positioned to capitalize on the anticipated demand for new aircraft over the coming decades.

# Global Aircraft Forecast: Market Leaders and Regional Growth Drivers

## Executive Summary

As global air travel rebounds from the pandemic and the aviation industry increasingly prioritizes efficiency and sustainability, aircraft manufacturers are entering a new phase of competition and innovation.

Title:

Content: Artificial intelligence in Aviation Market size to grow by USD 3.64 billion from 2022 to 2027, Increasing use of AI for quicker check-in and baggage screening in aviation industry to drive the growth- Technavio

NEW YORK, Oct. 19, 2023 /PRNewswire/ — The artificial intelligence in aviation market size is expected to grow by USD 3.64 billion between 2022 and 2027. However, the growth momentum of the market will be progressing at a CAGR of  43.13% during the forecast period. Increasing use of AI for quicker check-in and baggage screening in the aviation industry is the key factor driving the growth of the market.  AI is becoming increasingly common in the airline industry, increasingly being used to expedite check-in and baggage screening. Intrusion detection technology is often used as an AI system to actively differentiate between bags and people during airport check-in. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View FREE PDF Sample

Key Highlights:

  • The report recognizes the following as some of the key players in the artificial intelligence in aviation market: Advanced Micro Devices Inc, Airbus SE, Garmin Ltd., General Electric Co., Intel Corp., International Business Machines Corp., Iris Automation Inc., Lockheed Martin Corp., Microsoft Corp., MINDTITAN OU, Mphasis Ltd., Neurala Inc., Northrop Grumman Corp., NVIDIA Corp., Paladin AI, Samsung Electronics Co. Ltd., Searidge Technologies, TAV Technologies, Thales Group, and The Boeing Co.
  • Artificial Intelligence in Aviation Market is fragmented in nature.
  • Market to observe 41.95% YOY growth in 2023.

Market Dynamics:

Trends

  • Growing recent developments related to AI in the aviation industry the primary trend shaping the growth of the market.
  • The trend reflects the steady pace of progress, innovations, and new applications of AI technologies within the aviation industry. These developments surround a wide range of areas and use cases, driving the development of the market.

The report also covers information on the upcoming trends and challenges. Explore detailed information by purchasing report

Keg Segments:

The software segment will account for a major share of the market’s growth during the forecast period. Aviation industry AI software includes a variety of advanced algorithms, applications, and platforms that use AI to improve flight operations. AI is used to design optimal routes, reduce fuel consumption, and improve flight efficiency using flight planning and optimization software.

 Get a glance at the market contribution of the segments, Request FREE Sample Report

Related Reports:

The artificial intelligence market in the education sector size is estimated to grow at a CAGR of 41.14% between 2022 and 2027.

The Artificial Intelligence (AI) Market size is estimated to grow at a CAGR of 22.26% between 2022 and 2027. The size of the market is forecast to increase by USD 125.3 billion.

Artificial Intelligence In Aviation Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 43.13%

Market growth 2023-2027

USD 3.64 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

41.95

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 45%

Key countries

US, China, Germany, UK, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Micro Devices Inc, Airbus SE, Garmin Ltd., General Electric Co., Intel Corp., International Business Machines Corp., Iris Automation Inc., Lockheed Martin Corp., Microsoft Corp., MINDTITAN OU, Mphasis Ltd., Neurala Inc., Northrop Grumman Corp., NVIDIA Corp., Paladin AI, Samsung Electronics Co. Ltd., Searidge Technologies, TAV Technologies, Thales Group, and The Boeing Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Component

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-intelligence-in-aviation-market-size-to-grow-by-usd-3-64-billion-from-2022-to-2027–increasing-use-of-ai-for-quicker-check-in-and-baggage-screening-in-aviation-industry-to-drive-the-growth–technavio-301962177.html

SOURCE Technavio

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
Airbus signs record 500 aircraft deal with Indian airline
Airbus (AIR.PA) announced a record 500 aircraft deal with Indian airline IndiGo (INGL.NS) on the first day of the Paris Air Show on Monday, as strong demand for aircraft and air defenses competed for attention to the industry ’ s supply chain problems.
The multi-billion-dollar deal for single-aisle aircraft – the largest ever in terms of number of aircraft – confirmed a Reuters report earlier this month and surpassed Air India ’ s interim purchase of 470 Airbus and Boeing (BA.N) aircraft earlier this year.
The world ’ s largest air show, which alternates with Britain ’ s Farnborough, is being held at Le Bourget for the first time in four years after the 2021 edition fell victim to the epidemic.
French President Emmanuel Macron traveled to the crowded space bazaar by helicopter and watched an overflight show that included the latest development of Airbus ’ A321XLR aircraft, and Air Force including the French Rafale fighter.
On the civilian side, aircraft manufacturers have arrived with increased demand expectations as airlines rush to be able to meet demand and help reach the industry ’ s net zero emissions targets by 2050.
But they also face a challenge to meet this demand as suppliers struggle with rising costs, a shortage of spare parts and a dearth of skilled labor in the wake of the epidemic.
Industry executives say up to 2,000 aircraft orders are on the table for takeover around the world in the emerging commercial aircraft market, on top of those already provisionally announced, as airlines try to fill the void left by the sharp decline in activity in the COVID crisis.
But they said only part of these potential new deals would be ready in time for this week ’ s air show, which could see a mix of new and frequent announcements.
Agency Partners analyst Sach Tossa said: “Only when these appear in the year-end backlog do we have any idea of the market ’ s strength and the quality of orders.
The IndiGo deal highlights the growing importance of India, the world ’ s fastest-growing aviation market, serving the largest population, to aircraft makers.
Peter Elbers, CEO of IndiGo, told a press conference.
In another major market, Airbus said Saudi low-cost carrier flynas had confirmed an order for 30 of its narrow-body A320neo jets, confirming a Bloomberg report.
The air show takes place in the shadow of the conflict in Ukraine, with no Russian presence in the chalets and galleries unlike the last event four years ago.
A Ukrainian minister told Reuters that Kiev is in talks with Western arms manufacturers to boost production of weapons, including drones, and may sign contracts in the coming months.
Belgium has said it will apply to join as an observer for the potential successor of the Rafale and Eurofighter multinational fighter jet, the French-German-Spanish fighter project FCAS, despite differences among industrial partners over whether to expand.
France ’ s Thales (TCFP.PA) also announced a contract with Indonesia to purchase 13 long-range air surveillance radars.
Looking at the rest of the offer, Air India may end its recent huge order, split between Airbus and Boeing, as Irish tenant Avolon finishes a deal with Boeing that is seeing a relatively quiet offering after a series of recent orders.
Airbus is seen close to a potentially big deal with Mexico ’ s Viva Aerobus, but by Monday, some sources expected the size to be closer to 60 compared to the three figures first reported, with no guarantee of this week ’ s result.
With increased bargaining power available to them due to supply shortages, airline executives say aircraft makers are becoming tougher on price and more cautious than they were on previous bikes.
In the meantime, engine makers are making bets on fuel-saving technology that will affect how aircraft evolve in the next decade.

Title:

Content: Middle East will need 3k new aircraft by 2042: Boeing

Boeing holds a significant position in the operations of the Kingdom’s flagship carrier, Riyadh Air. Shutterstock.
Short Url
Updated 7 sec ago
Follow

Middle East will need 3k new aircraft by 2042: Boeing

RIYADH: Boeing anticipates a demand for 3,000 new aircraft in the Middle East by 2042, signifying the region’s growth in the aviation sector.

During a media briefing ahead on Nov. 12, ahead of Dubai Airshow 2023, President of Boeing Brendan Nelson restated the company’s commitment to supporting the industry in Saudi Arabia, the UAE, and neighboring nations.

Boeing holds a significant position in the operations of the Kingdom’s flagship carrier, Riyadh Air ,as in March, the airline ordered a fleet of 72 787 Dreamliners, with the inaugural flight scheduled for 2025.

The aviation firm plans to work closely with regional governments, focusing on manufacturing aircraft parts, research and development, and professional training to contribute to the sector’s growth.

According to Khaleej Times, Nelson said: “Our vision is to build an ecosystem in the region, invest in R&D (research and development), develop industrial partnerships, and enhance manufacturing capacity in both commercial and defense sectors.”

As part of its expanding regional engagements, Boeing joined forces with the UAE’s leading renewable energy firm Masdar in October to advance the global sustainable aviation fuel industry, aligning with the industry’s goal of achieving net zero emissions by 2050.

According to Boeing’s Commercial Market Outlook forecast, global airlines will need 42,595 new aircraft by 2042, with Middle East-based airlines requiring 3,025 – 45 percent being widebody planes.

These objectives are driven by the rising demand for travel within the region and the emergence of new flight hubs.

Boeing predicts that the global aviation industry will require 2.2 million new personnel by 2042, with the Middle East and Africa contributing 13 percent to meet this demand.

Nelson emphasized the company’s active exploration of additional opportunities in Saudi Arabia and the broader region, where over 3,000 aircraft, 58,000 pilots, and nearly 100,000 crews will be needed in the next two decades.

The demand for airliners is anticipated to remain robust, propelled by the Kingdom’s target of attracting 150 million tourists as part of its economic diversification efforts.

Saudi Arabia’s aviation evolution

Saudi Arabia launched a new aviation policy in October to boost the sector’s performance and attract investments worth $100 billion by 2030.

According to the General Authority of Civil Aviation, the plan will see new regulations for airports, ground services, cargo and air transport services.

This approach supports the privatization of airports, facilitates the procedures for new investors to join the aviation market, and enables airport operators to set wages according to their plans.

The authority will also enable airport operators to diversify their revenues flexibly by increasing revenues from non-navigational services.

In September, Randy Heisey, Boeing’s managing director of commercial marketing in Africa and the Middle East region, told Arab News that the company is working with Saudi airlines to implement advanced aircraft and engine technologies that align with global sustainability goals.

Riyadh Airports partners with ADB Safegate to modernize aviation infrastructure

Updated 32 sec ago
Follow

Riyadh Airports partners with ADB Safegate to modernize aviation infrastructure

RIYADH: Saudi Arabia’s King Khalid International Airport is poised to witness improved efficiency thanks to its partnership with ADB Safegate, a Belgium-based aviation service provider.

Riyadh Airports Co., the entity overseeing the airbase’s operations, has recently signed a memorandum of understanding with the global aviation solution provider to foster cooperation.

The collaboration aims to develop energy efficiency, implement predictive maintenance, and enhance streamlined passenger flow.

The partnership also includes working on an innovative transformation process that leverages technical solutions to digitize airport automation, monitoring, and maintenance processes.

The companies involved plan to explore the potential of artificial intelligence, machine learning, and advanced video analytics. Furthermore, both entities will collaborate on virtual reality, augmented reality, as well as Internet of Things technologies. In addition, the implementation of 5G technology is also on the agenda.

Osama Al-Fawaz, CEO of Information and Communications Technology at Riyadh Airports Co., said that this agreement aligns with the digital transformation goals of the company, relying on the latest specialized technologies.

Laurent Dubois, CEO of Safegate, highlighted the transformative potential of this agreement, emphasizing that RAC operates one of the region’s most significant airports. He added that the deal reflects Riyadh Airports’ eagerness to adopt the latest international technologies in the field.

According to data from the General Authority of Civil Aviation, the Riyadh airport outperformed other international aviation hubs in Saudi Arabia for overall performance in September. It achieved high marks across the 11 operational performance standards, which track passenger experience and airport efficiency.

The airbase secured the top spot in the category of international terminals serving over 15 million passengers annually, with a compliance rate of 82 percent.

The MoU aligns with Saudi Arabia’s Vision 2030 National Aviation Strategy, which seeks to diversify revenue sources by boosting the travel and tourism sector.

According to the strategy’s goals, the Kingdom aims to enhance air connectivity to 250 destinations, accommodating 330 million passengers, and doubling air cargo capacity to 4.5 million tons by 2030.

Riyadh Air unveils second livery design at Dubai Airshow

Updated 12 min 8 sec ago
Follow

Riyadh Air unveils second livery design at Dubai Airshow

RIYADH: Saudi flag carrier Riyadh Air revealed its second livery design via a QR code at the Dubai Airshow on Monday.

The new livery maintains the indigo theme, announced in June at the Paris Air Show, with striking lines of Arabic calligraphy.

This move reflects the Kingdom’s forward-thinking ambitions of using iridescent color to add a modern twist to the innovative design, making Riyadh Air, wholly owned by the Public Investment Fund, instantly recognizable on land or in the air.

“As the largest startup in commercial aviation in decades, we are delighted to unveil to the world Riyadh Air’s second livery, which will be unmistakable when it takes to the skies in 2025 as we become one of the first international carriers to have permanent dual liveries on an active fleet,” said Riyadh Air CEO Tony Douglas in a statement.

The new look features a widespread cockpit window design, contrasting the indigo signature theme against a light sparkling fuselage.

Additionally, the aircraft will have Riyadh Air written in English and Arabic alongside the airline’s trademark logo on the tail, engines and underbelly.

“We revealed our first livery reveal to global acclaim, announced fleet orders for our wide-body aircraft and signed several ground-breaking new partnerships,” said Douglas.

He added: “This iconic second livery is the latest milestone for Riyadh Air as we shape and disrupt the future of air travel and aviation, with many more things to come.”

Creating a second Saudi national airline alongside the existing flag carrier Saudia is part of the Kingdom’s plan to diversify its economy.

The CEO said that the airline has already provisionally ordered 72 Boeing 787 wide-body jets, and narrow-body aircraft were next.

Douglas also unveiled Riyadh Air’s plans to begin operations in 2025 and connect the Kingdom’s capital to over 100 destinations worldwide by 2030.

“It’s a brand that has an obsessional attention to detail with guest experience. It’s a brand that is a true digital native because we have no legacy. It’s a brand that stands for commercial aviation and environmental sustainability,” he said.

In March, Saudi Crown Prince Mohammed bin Salman announced the creation of the new national airline.

The airline seeks to enable Riyadh to become a gateway to the world and a global destination for transportation, trade, and tourism, the Saudi Press Agency reported at that time.

East Pipes secures $117m contract with Aramco

Updated 13 November 2023
Follow

East Pipes secures $117m contract with Aramco

RIYADH: Dammam-based East Pipes Integrated Co. for Industry has secured a contract worth over SR440 million ($117 million) with Saudi energy giant Aramco for the manufacturing and supply of steel pipes for key projects within the Kingdom.

In its filing to Tadawul, the manufacturer of spiral steel pipes stated that the entire contract work is set to be completed within a 13-month period. The company further emphasized that the financial impact of the contract will be evident in the second and third quarters of the financial year 2024/2025.

Established in 2010, East Pipes is one of the leading manufacturers of helical submerged arc welded pipes, with an annual production capacity of up to 500,000 tons, according to its website.

In May, the firm secured a contract to manufacture and supply steel pipes to Aramco, marking another significant deal worth SR1.8 billion, according to a bourse filing.

Oil Updates - crude falls on weak demand outlook in US and China, Fed hedging

Updated 13 November 2023
Follow

Oil Updates - crude falls on weak demand outlook in US and China, Fed hedging

BEIJING: Oil prices fell on Monday, erasing gains from Friday as renewed concerns over waning demand in the US and China, coupled with mixed signals from the Federal Reserve, dented market sentiment, according to Reuters.

Brent crude futures for January were down 61 cents, or 0.75 percent, at $80.82 a barrel at 11.00 a.m. Saudi time, while the US West Texas Intermediate crude futures for December were at $76.56, down 61 cents, or 0.79 percent.

Prices gained nearly 2 percent on Friday as Iraq voiced support for oil cuts by the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, but lost about 4 percent for the week, notching their third weekly losses for the first time since May.

“Investors are more focused on slow demand in the United States and China while worries over the potential supply disruptions from the Israel-Hamas conflict have somewhat receded,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.

The US Energy Information Administration said last week crude oil production in the country this year will rise by slightly less than previously expected while demand will fall.

Next year, per capita US gasoline consumption could fall to the lowest level in two decades, it said.

Markets were wary of potential US policy tightening after Federal Reserve Chair Jerome Powell said last week that it could raise interest rates again if progress on curbing inflation stalls.

With financial conditions looser after a Friday jump in stock markets, “there is a good chance of more hawkish Fed speak this week,” said Tony Sycamore, a market analyst at IG.

That is “not a prospect that crude oil will welcome given that recent data in China and the US has brought growth fears back to the surface,” he said.

Weak economic data last week from China, the world’s biggest crude oil importer, increased fears of faltering demand.

China’s consumer prices fell to pandemic-era lows in October, casting doubts on the strength of the country’s economic recovery.

Additionally, refiners in China asked for less supply from Saudi Arabia, the world’s largest exporter, for December.

Still, Kikukawa said oil prices would be supported if WTI approaches $75 a barrel.

“If the market falls further, we will likely see support buying on expectations that Saudi Arabia and Russia would decide to continue their voluntary supply cuts after December,” Kikukawa said.

Top oil exporters Saudi Arabia and Russia confirmed last week they would continue with their additional voluntary oil output cuts until the end of the year as concerns over demand and economic growth continue to drag on crude markets.

OPEC+ will meet on Nov. 26.

On the supply side, US energy firms cut the number of oil rigs operating for a second week in a row to their lowest since January 2022, energy services firm Baker Hughes said. The rig count points to future output.

Egypt’s headline inflation eases to 35.8% in October

Updated 13 November 2023
Follow

Egypt’s headline inflation eases to 35.8% in October

CAIRO: Egypt’s annual urban consumer price inflation rate dropped to 35.8 percent in October from a record high of 38 percent in September, data from the country’s statistics agency CAPMAS showed on Saturday, coming in lower than analysts had expected.

The median forecast of 19 analysts polled by Reuters had shown inflation slipping to 37.1 percent.

Month on month, price rises slowed to 1 percent in October from 2 percent in September.

Inflation had accelerated every month since June, when it reached 35.7 percent, topping the previous high of 32.95 percent in July 2017.

Food and beverage prices rose by 1.5 percent month on month and an annual 71.3 percent, CAPMAS said.

Meanwhile, Egypt’s central bank said on Monday it sold $1.6 billion in one-year dollar-denominated Treasury bills with an average yield of 4.6 percent. The auction will be settled on Tuesday.

Title:

Content: There were 607 press releases posted in the last 24 hours and 199,018 in the last 365 days.

Carbon Fiber Market Share, Trends, Growth, Top Key Players, Applications, Types, Product and Industry Analysis 2027

Emergen Research Logo

Carbon Fiber Market report provides historical data by size, share, trends, growth, demand, application, top players & forecasts report 2027.

VANCOUVER, BC, CANADA, August 26, 2021 /EINPresswire.com/ -- The global carbon fiber market size is expected to reach USD 12.93 Billion and register a robust revenue CAGR of 10.8% during the forecast period, according to latest analysis by Emergen Research. This steady market revenue growth can be attributed to rising demand for carbon fiber from aerospace and defense sector as well as from automotive, marine, and sports industries and sectors. Carbon fibers are strong and highly durable to stress, which makes the material highly dependable for a variety of critical and simple applications and products. Aircraft operating in aviation and defense sectors require strength and need to be light weight to function efficiently. The advantages and benefits associated with carbon fiber such as high tensile strength, lightweight, high stress resistance, corrosion resistance, and flexibility makes the material ideal for manufacturing of high end aircraft and related parts and components.

Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?

You Can Download Free Sample PDF Copy of Carbon Fiber Market at https://www.emergenresearch.com/request-sample/723

Europe accounted for largest revenue share contribution to the global market in 2020, which is expected to increase significantly during the forecast period. This can be attributed to presence of high end automobile manufacturers as well as major aircraft manufacturers in countries in the region.

The aerospace and defense segment accounted for largest revenue share in 2020. This growth can be attributed to wide usage of carbon fibers in aviation and defense sector owing to lightweight and high strength properties, which in turn increases fuel efficiency and maneuverability of aircraft in flight. Moreover, key players such as Airbus and Boeing have started using carbon fiber composites to build aircraft bodies.

Major companies operating in Carbon Fiber are Toray Industries Inc., SGL Group, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Teijin Limited, Formosa Plastics Corporation, Solvay, Jiangsu Hengshen Co. Ltd., Hyosung, and DowAksa.

Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources

Get access to FREE Sample PDF Copy of Carbon Fiber Market at https://www.emergenresearch.com/request-sample/723

For this report, Emergen Research has segmented the global carbon fiber market based on raw material, product type, end use, and region.
Raw Material Outlook (Revenue, USD Billion; 2018–2028)
PAN–based carbon fiber
Pitch–based carbon fiber
Rayon–based carbon fiber

Product Type Outlook (Revenue, USD Billion; 2018–2028)
Continuous carbon fiber
Long carbon fiber
Short carbon fiber

End-Use Outlook (Revenue, USD Billion; 2018–2028)
Aerospace & defense
Automotive
Wind Energy
Sporting goods
Electrical & electronics
Civil Engineering
Pipe & Tank
Marine
Others (medical, oil & gas, 3D printing, high speed & metro train, hydrogen gas storage, electrode for batteries)

All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Carbon Fiber market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Carbon Fiber market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

Buy now@ https://www.emergenresearch.com/select-license/723

Report Objectives
Examine the size of the global Carbon Fiber market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Carbon Fiber market.
Explore the underlying dynamics of the global Carbon Fiber market.
Highlight significant trends of the global Carbon Fiber market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Carbon Fiber market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Carbon Fiber market.
Forecast the market size and share of all segments and regions in the global landscape.

Read more@ https://www.emergenresearch.com/industry-report/carbon-fiber-market

Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Carbon Fiber Market Segmentation & Impact Analysis
4.1. Carbon Fiber Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Stringent environmental regulations
4.2.2.2. Rising need to reduce bacterial or algal contamination in water systems
4.2.2.3. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
4.2.3.1. Fluctuating prices of raw material
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Carbon Fiber Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Carbon Fiber Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Carbon Fiber Market Regional Outlook
Chapter 8. Competitive Landscape
Continued…

Eric Lee
Emergen Research
+1 604-757-9756
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Title:

Content: Log in
Or log in with
Google
Twitter
Facebook
Apple
Sign up
Or log in with
Google
Twitter
Facebook
Apple
  1. Homepage
  2. Equities
  3. United States
  4. Nyse
  5. Boeing
  6. News
  7. Summary
    BA   US0970231058

BOEING

(BA)
  Report
Real-time Estimate Cboe BZX  -  03:22:33 2023-03-30 pm EDT
210.29 USD   +1.11%
02:54pBoeing will increase 737 MAX production rates 'very soon'
RE
02:38pBoeing will increase 737 MAX production rates 'very soon,' says head of commercial planes business
RE
12:30pBoeing pushes Starliner test flight to July
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Boeing will increase 737 MAX production rates 'very soon'

03/30/2023 | 02:54pm EDT

March 30 (Reuters) -

Boeing Co will increase 737 MAX production rates above the current rate of 31 jet per month "very soon," the head of Boeing's commercial airplanes business said on Thursday.

The company is also making progress with the new 737 MAX 7 model, which is "completing the final submittals" for Federal Aviation Administration certification, Stan Deal told reporters.

"We've got a handful - less than a handful - left to go to the FAA," he said. "We're working a few issues around those submittals. I want them to be perfect, I want the FAA to feel comfortable, and then give them the time to go review."

Last week, Chief Financial Officer Brian West reiterated Boeing's expectation that the MAX 7 completes certification this year, paving the way for first delivery to follow later in 2023.

The company plans to increase monthly MAX production to 50 planes per month by the end of 2026. (Reporting by Valerie Insinna Editing by Marguerita Choy)

© Reuters 2023
All news about BOEING
02:54pBoeing will increase 737 MAX production rates 'very soon'
RE
02:38pBoeing will increase 737 MAX production rates 'very soon,' says head of commercial plan..
RE
12:30pBoeing pushes Starliner test flight to July
AQ
09:44aLewis capaldi surprises british airways customers with a live performance of brand new ..
AQ
01:26aRyanair CEO Confirms Talks for Over 100 Boeing Jets
MT
03/29Boeing's 1st astronaut flight to space delayed until July
AQ
03/29Appointments to Safran Nacelles Corporate Management Team
AQ
03/29AAR to Acquire Nine Boeing 757-200 Passenger Aircraft From American Airlines
MT
03/29Ryanair says price still key to new Boeing jet deal
RE
03/29A Killer Comma (,) That Crashed Boeings' Patent
AQ
More news
Analyst Recommendations on BOEING
More recommendations
Financials (USD)
Sales 2023 78 775 M - -
Net income 2023 1 433 M - -
Net Debt 2023 37 562 M - -
P/E ratio 2023 98,6x
Yield 2023 0,00%
Capitalization 125 B 125 B -
EV / Sales 2023 2,06x
EV / Sales 2024 1,71x
Nbr of Employees 156 000
Free-Float 58,7%
Chart BOEING
Duration : Period :
Full-screen chart
Technical analysis trends BOEING
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 207,97 $
Average target price 227,39 $
Spread / Average Target 9,34%
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$)
BOEING7.60%124 611
AIRBUS SE8.90%103 148
DASSAULT AVIATION16.31%16 585
TEXTRON INC.-1.72%14 330
AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED17.95%4 067
AVICOPTER PLC-8.60%3 631
1 MarketScreener is worth more than 1000 Influencers!
100% Free Registration

Title:

Content: NEW YORK, Sept. 13, 2021 /PRNewswire/ -- Research Dive has published a report titled, "Aerospace Avionics Market by Systems (Flight Control System, Communication System, Navigation System, Monitoring System, and Others), Application (Commercial Aviation, Military Aviation, and Business Jets & General Aviation), Distribution Channel (OEM and Aftermarket), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028"

The Global Aerospace Avionics Market is predicted to garner a revenue of $1,18,619.0 million at a CAGR of 6.7% during the forecast period, rising from $71,362.8 million in 2020.

Download PDF Sample Report of Global Aerospace Avionics Market

Regional Analysis

North America Aerospace Avionics Market accounted for $24,192.0 million in 2020 and is further predicted to generate a revenue of $38,990.1 million by the end of 2028.  The countries such as the U.S. and Canada have the most advanced infrastructure in the commercial and military aviation industry. Apart from this, the leading players of the industry are focusing on the research and development of aerospace avionics which has increased the chances of growth and sustainability of the market. These factors are expected to enhance the market growth during the forecast period.

Get 20% OFF on North America Aerospace Avionics Market Analysis (Customization)

Key Segments of the Market

The report has divided the market into different segments based on system, application, distribution channel, and regional analysis.

  • Systems: The flight control system sub-segment is predicted to garner a dominating revenue of $44,541.4 million in 2028, surging from $ 27,763.5 million in 2020. Demand of advanced aircraft operations in the military and commercial aviation is expected to be one of the main factors behind the growth of the market segment.
  • Application: The commercial aviation sub-segment is expected to register the highest revenue of $62,638.0 by the end of 2028, at a healthy CAGR of 7.0% during the forecast period.

The rising number of air travelers across the world is going to enhance the growth of the market segment during the forecast period.

  • Distribution Channel: The original equipment manufacturer (OEM) sub-segment is forecasted to garner a revenue of $67,910.5 million by 2028, increasing from $41,429.5 million in 2020. The growth of commercial, general, and military aviation in recent years is the main factor enhancing the growth of the market segment in upcoming years.

Get Additional 20% OFF on Report Customization: Grab PROMO CODE

Dynamics of the Market

Driver: The increasing number of air travelers has surged the demand of commercial aviation, propelling the growth of the global aerospace avionics market during the forecast period. Avionics systems such as communication systems, flight management system, navigation system, electrical, and surveillance systems are used in commercial systems. These factors are expected to enhance the growth of the market during the forecast period.

Restraint: Being highly sophisticated, the costs of commercial aircrafts are highly expensive. They require a huge investment for manufacturing, maintenance, and operations. This is expected to be the main restraining factor of the industry during the forecast period.

Opportunity: The increasing demand of military and commercial aircrafts is expected to create many opportunities for the market in upcoming years.

Key Market Players & Strategies

  1. NORTHROP GRUMMAN CORPORATION
  2. L3Harris Technologies, Inc.
  3. General Dynamics Corporation
  4. BAE Systems
  5. Thales Group
  6. Leonardo S.P.A
  7. Elbit Systems Ltd.
  8. Airbus
  9. General Electric
  10. Boeing

- Inquire and Get Quick Access to Top Companies Development Strategies Summary Report

These players are working on developing strategies such as product development, mergers and acquisitions, partnerships and collaborations to sustain the market growth.

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and recent strategic developments.

Recent Development

In April 2021, Elbit Systems Ltd announced that its U.S. subsidiary, Elbit Systems of America, LLC, completed the acquisition of Sparton Corporation, a premier producer, developer, and supplier of systems helping Undersea Warfare for the U.S. Navy and allied military forces.

Elbit Systems expects that this acquisition will enhance its portfolio by the addition of the technological strength of Sparton to the long term strategy of the company.

Impact of COVID-19 on the Global Aerospace Avionics Market

The coronavirus outbreak has impacted the Global Aerospace Avionics Market in a negative way. Due to the restrictions imposed on the travel and tourism industry during the pandemic, the passenger demand of aircrafts has been declined. This factor resulted in the decreased demand of avionics hardware and software in the commercial aviation sector. However, with the revised and restructured business models of the industry, the global market is expected to growth after the end of the pandemic.

Access Our Comprehensive Analysis of the Impact of Covid-19 on GLOBAL AEROSPACE AVIONICS MARKET

More about Aerospace Avionics

Global Aerospace Avionics Market Is Anticipated To Generate A Revenue Of $1,18,619.0 Million, Growing At A CAGR Of 6.7% From 2021 To 2028

Global Aerospace Avionics Market Propelling with the Surging Demand of Commercial Aircrafts

How are New Technologies Going to Boom Aerospace Avionics Industry?

Related Trending Topics:

  1. Homeland Security Market: Global Opportunity Analysis and Industry Forecast, 2021-2028 – Request to Download Sample Report
  2. UAV Drone Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample Report
  3. Satellite Data Services Market: Global Opportunity Analysis and Industry Forecast, 2021-2028 – Request to Download Sample Report

About Research Dive:

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact Us:

Mr. Abhishek Paliwal

Research Dive

30 Wall St. 8th Floor, New York NY 10005

(P) +91-(788)-802-9103 (India)

Toll Free: 1-888-961-4454

E-mail: support@researchdive.com

Website: https://www.researchdive.com

Blog: https://www.researchdive.com/blog/

LinkedIn: https://www.linkedin.com/company/research-dive/

Twitter: https://twitter.com/ResearchDive

Facebook: https://www.facebook.com/Research-Dive-1385542314927521

View original content:https://www.prnewswire.com/news-releases/rising-demand-for-air-travel-expected-to-surge-the-growth-of-the-global-aerospace-avionics-market-in-upcoming-years-2021-2028---exclusive-report-285-pages-by-research-dive-301375095.html

SOURCE Research Dive

DISCLAIMER FOR COMMENTS: The views expressed by public comments are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the TERMS OF USE and the comment you are posting is in compliance with such terms. Your comments may be used on air. Be polite. Inappropriate posts or posts containing offsite links, images, GIFs, inappropriate language, or memes may be removed by the moderator. Job listings and similar posts are likely automated SPAM messages from Facebook and are not placed by WFMZ-TV.

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

Title:

Content: HI, {{username}}
Manage account
Change password
HEADLINES
{{headlineCount}} new {{headlineCount = = 1?
'update': 'updates'}}
+ MORE HEADLINES
Etihad Airways is considering buying aircraft from Airbus and Boeing
7.
MAY
2024.
A
+
A
- Ah!
Print
Email
Email
A
+
A
- Ah!
Etihad Airways ’ chief executive said on Monday the airline would consider buying a small number of Airbus and Boeing aircraft over the next five years if the two companies offered delivery opportunities.
The Abu Dhabi-based airline plans to increase its narrow-body and wide-body fleet to 150 aircraft over the next five years, compared to about 80 it currently has, meaning it plans to add 10 to 15 new aircraft a year.
Most of these new aircraft will be added through existing orders for Airbus A320, A350 and Boeing 787.
Chief Executive Antonaldo Neves said Etihad was in talks with aircraft leasing and manufacturing companies in an effort to obtain additional aircraft to supplement those it would receive from existing orders.
The company is interested in buying new aircraft directly from aircraft manufacturers by taking advantage of other airlines cancelling orders or rescheduling delivery schedules, he said.
The company will not make a big request.
He told Reuters in an interview at the Arabian Travel Market (ATM) tourism trade show in Dubai: “I strongly believe in the importance of flexibility in the aircraft fleet.
I don ’ t like making big orders. ”
“I ’ ve learned that the best thing we can do is to have a large order book with future variables in mind. ”
Airbus and Boeing are struggling to meet delivery schedules due to supply chain problems, while Boeing production has fallen due to increased quality checks and regulatory audits.
Boeing has changed its management after a series of safety issues that have weighed on industry confidence.
Skynews
MORE ABOUT
ADVERTISE HERE
JUST IN
TRENDING
HEADLINES
{{headlineCount}} new {{headlineCount = = 1?
'update': 'updates'}}
+ MORE HEADLINES
TRENDING
• online ordering system for restaurants
• The best online ordering systems for restaurants
•

This report examines the companies best positioned to capitalize on future demand for new, fuel-efficient aircraft, identifies key growth trends, analyzes regional market dynamics, and assesses the strategic positioning of major manufacturers.

Title:

Content: Wednesday 22 November 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
ECONOMY
UAE aims to produce 700 million litres of sustainable aviation fuel per year
Part of the conference (Photo: Ashraf Al-Amra)
November 22, 2023 00: 47
Mustafa Abdul Azim (Dubai)
The UAE aims to produce 700 million liters of sustainable aviation fuel annually by 2030 as part of its national road map to reduce aviation carbon emissions, according to a working paper submitted by the UAE to the International Civil Aviation Organization (ICAO) at its third Aviation and Alternative Fuels Conference.
The paper, a copy of which was obtained by Etihad, said that the UAE has intensified efforts to reduce carbon emissions through increased operational efficiency and the use of sustainable, low-carbon aviation fuel.
Saif Al Suwaidi, Director General of the General Authority of Civil Aviation, said on the sidelines of the second day of the third ICAO Aviation and Alternative Fuels Conference, hosted by the UAE, that the UAE will become one of the main centers in the world for the production of alternative fuels and low carbon as well as sustainable fuels, stressing that the UAE has many prominent investments in these fuels.
Al Suwaidi added that the UAE ’ s hosting of the ICAO Aviation and Alternative Fuel Conference, with the participation of more than 1,000 participants, 40 ministers and government delegations from more than 90 countries, more than 30 international and regional organizations, and heads of aviation and fuel companies around the world, reflects the confidence of the international aviation sector in the UAE and its potential to host exceptional events.
He stressed that the conference is a turning point in the course of international aviation activities and aviation fuel in particular, especially as it aims to reach an international consensus under the umbrella of the International Civil Aviation Organization (ICAO) on the mechanisms of transition towards a balanced system of aviation fuel production and the sustainability of the growth of the aviation sector, and come up with understandings a few days before the Conference of the Parties (COP28).
He stressed that the international aviation community is a reliable and responsible society and attaches the highest priority to environmental issues, pointing out that the main goal of the conference is to bring the concerned parties from all countries of the world to reach a unified position on the rationalization of the use of fossil fuels and put forward alternatives and solutions, including the expansion of the use of sustainable aviation fuel. alternative fuel.
The UAE was one of the first countries to adopt sustainability and environmental impact in the aviation sector, and participated in all negotiations led by the International Civil Aviation Organization, and ratified all international resolutions that serve this direction, and was one of the first countries to announce its commitment in 2016 to implement the Corsia plan for carbon offsetting in international air transport.
The UAE has also launched a national sustainable aviation fuel roadmap, setting an ambitious target to achieve an annual production of 700 million litres of sustainable aviation fuel by 2030, which will contribute to reducing up to 4.8 million tonnes of carbon dioxide emissions, and the industry has committed to reaching zero carbon emissions by 2050.
Positive indicators
The sessions of the second day of the Alternative Aviation Conference witnessed positive indications of the interest of the Member States of the Organization to reach a strong, ambitious and comprehensive global framework that takes into account the interests of all and bridges the gaps, emphasizing equal opportunities for all and adopting socially and economically acceptable measures to develop and deploy the use of sustainable aviation fuel and alternative fuels.
According to the ICAO Secretariat Working Paper, national initiatives and action plans that enable countries to identify their activities to reduce CO2 emissions have increased significantly in the past period, with some 142 countries submitting their plans to ICAO, which include the definition of a cleaner energy and fuel sustainability guidelines document in a coherent manner.
Investments of the sector
The paper pointed to the need for the aviation sector to invest up to $3.2 trillion over the 30 years to 2050 to reach net zero emissions in the aviation sector, noting the great interest of the private sector and energy producers in this transition to cleaner energy, and their interest in developing policies governing sustainable aviation fuel so that confidence in this fuel can be built.
The International Civil Aviation Organization (ICAO) said agreeing on a clear path to increase sustainable aviation fuel production would send a strong message about key opportunities for financing the energy transition in the sector.
The third ICAO Conference on Alternative Aviation Fuel (CAAF / 3), seeks to create a global framework for sustainable aviation fuel (SAF), low carbon aviation fuel (LCAF) and other clean energy, which is critical for the aviation sector to reach its goal of net zero by 2050.
As ICAO member states deliberate this week to reach a consensus on a global mechanism to increase production of sustainable aviation fuel (SAF), some developing countries have concerns about the economic impact of these initiatives and the technical know-how needed to implement them.
According to the International Air Transport Association (IATA), sustainable aviation fuels can reduce more than 60% of aviation emissions globally by 2050, while the rest can be addressed through improved efficiency through technology, processes and the use of hydrogen-powered aircraft, provided countries have effective support policies in place.
All rights reserved to Union News Center 2023 ©

Title:

Content: Friday 20 January 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
Dunya
NASA and Boeing are developing a sustainable aircraft.
NASA and Boeing are developing a sustainable aircraft.
January 20, 2023 01: 54
Washington (dpa)
NASA and Boeing are planning to collaborate on a new passenger jet that is less fuel-efficient and emissions-producing.
NASA Administrator Bill Nelson said: “From the very beginning, NASA is with you when you fly.
NASA has the courage to fly farther, faster and higher.
In doing so, NASA is making aviation more sustainable and dependable.
It ’ s part of our core. ”
Over a seven-year period, NASA will invest $425 million to produce and test a complete prototype of the new aircraft, with Boeing and its partners contributing the remaining $725 million in project funding.
All rights reserved to Al Ittihad Newspaper 2023 ©

Title:

Content: There were 1,726 press releases posted in the last 24 hours and 282,787 in the last 365 days.

Global Oil Refinery market is projected to grow at a CAGR of 1.9% By 2032: Visiongain Reports Ltd

Visiongain has published a new report entitled the Oil Refinery 2022-2032. It includes profiles of Oil Refinery and Forecasts Market Segment by Investment, (CAPEX, OPEX) Market Segment by Processing Unit, (Crude Oil Distillation Unit (CDU), Vacuum Distillation Unit (VDU), Diesel Hydrotreating Unit (DHT), Semi-regenerative Reforming (SRR), Fluid Catalytic Cracking Unit (FCC), Sulfur Recovery Unit (SRU)) Market Segment by Type, (Topping Oil Refinery, Hydro-skimming Oil Refinery, Conversion Oil Refineries, Deep Conversion Refineries) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.

The global oil refinery market was valued at US$563.3 billion in 2021 and is projected to grow at a CAGR of 1.9% during the forecast period 2022-2032.

Growing Demand For Petroleum Product

The product demand in each region has an impact on refinery configuration as well. Propane, butane, petrochemical feedstock, gasolines (naphtha specialities, aviation gasoline, motor gasoline), distillates (jet fuels, diesel, stove oil, kerosene, furnace oil), heavy fuel oil, lubricating oils, waxes, asphalt, and still gas are just a few of the goods that refineries create. Gasoline contributes for over 40% of demand nationwide, with distillate fuels accounting for nearly a third of sales and heavy fuel oil accounting for barely 8%. The demand for petroleum products is approximately evenly split among the regions, with Atlantic/Quebec, Ontario, and the West accounting for almost one-third of total sales each. The product mix, on the other hand, varies a lot between locations. Distillate fuels account for 40% of product demand in the Atlantic provinces, where furnace oil (light heating oil) is the predominant source of home heating, and heavy fuel oil (used to generate power) accounts for another 24%. Gasoline sales make up less than 30% of total product demand.

Download Exclusive Sample of Report

https://www.visiongain.com/report/oil-refinery-market-2022/#download_sampe_div

How has COVID-19 had a significant negative impact on the Oil Refinery Market?

The combined impact of Coronavirus (COVID-19) and the oil price shock is wreaking havoc on oil-exporting poor countries at a time when the fossil fuel industry is on the decline. Although some countries may be able to weather the current crisis thanks to sovereign wealth funds or low public debt, this will not be the case for the majority of oil-exporting countries, many of which are resource-dependent and were already dealing with high debt levels and multifaceted economic and social fragility prior to the current crisis. Because oil-exporting developing countries have become increasingly reliant on short-term and expensive non-concessional private borrowing in recent years, a significant portion of which is backed by oil collateral, some countries may find themselves in a spiral of unsustainable borrowing as a result of the current turmoil. To create fiscal space in oil-exporting developing countries, reduce the risks of unsustainable debt, corruption, and illicit financial flows (IFFs), and catalyse a transition to a cleaner and more sustainable future, a timely and coordin ated response involving both concessional lenders and private financiers is required.

Countries who are net oil exporters are facing a historic double blow: a worldwide economic slowdown brought on by the COVID-19 pandemic, and an oil market meltdown, with the benchmark price for US crude oil, the West Texas Intermediate, briefly falling below zero for the first time in history (in April 2020). The International Energy Agency estimates that oil and gas revenues for a number of significant producers will fall by 50 to 85 percent in 2020 compared to 2019, based on an oil price of USD 30 per barrel, however the losses could be greater depending on future market developments. The current crisis is taking place in the backdrop of a structural decline in the fossil fuel market, driven by a number of nations' commitments to decarbonisation as well as broader technological advancements that are increasingly making renewable energies the preferred energy alternative.

Many oil-producing countries have non-diversified, sector-dependent economies, with oil accounting for the vast majority of their exports and government revenues. The present drop in oil prices is limiting these countries' ability to respond to COVID-19's multifaceted domestic constraints at a time when more money is needed to fund service delivery, alleviate health risks, and relieve macroeconomic pressure. The International Energy Agency (IEA) predicted in March that significant oil-producing countries such as Iraq, Nigeria, and Angola will face a 50 percent to 85 percent decline in net revenue in 2020 compared to 2019. This would be the sector's lowest income in over two decades, and the International Energy Agency has warned that earnings could fall even more depending on future market conditions. In response to the oil price fall, there has been a decline in investor appetite for fossil fuel projects, and with the commencement of COVID-19, corporations have been putting new projects on hold and permanently shutting down high-cost operations. The reduction in discoveries and investments is projected to hurt smaller or new producer countries the hardest.

How this Report Will Benefit you?

Visiongain's 561 page report provides 341 tables and 314 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global oil refinery market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Oil Refinery. Get the financial analysis of the overall market and different segments including Investment, processing unit, type and capture higher market share. We believe that high opportunity remains in this fast-growing oil refinery market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the current market drivers?

More Money Is Being Invested In Refinery Construction, Expansion, And Upgrades To Meet The Rising Demand For Petroleum Products.

More money is being invested in refinery construction, expansion, and upgrade to meet the rising demand for petroleum products. The Balikpapan refinery on Borneo Island in East Kalimantan, Indonesia, is expanding to add new processing units in order to improve capacity. The refinery's owner, Indonesian state-owned oil and gas business PT Pertamina, is carrying out the expansion (Persero). The project is part of the Indonesian government's IDR246.2 trillion ($17 billion) Refinery Development Master Plan (RDMP) programme to refurbish and upgrade the country's five refineries. The RDMP will increase refinery output capacity by 150 percent while also improving the country's energy security. Production will increase from 260,000 to 360,000 barrels per day (bpd) as a result of the Balikpapan expansion, allowing the refinery to produce Euro V-standard high-quality fuels.

The Demand For Gasoline And Gas Oil Has Risen Dramatically As The Number Of Automobiles In Various Countries Has Increased.

As the number of automobiles has grown, the need for gasoline and gasoline oil has risen dramatically. Everyone in this world requires automobiles. Vehicles are made up mostly of an engine that regulates the vehicle's overall movement. A variety of businesses are involved in the manufacture of automobiles and the provision of automobile services. Each year, the demand for automobiles grows. According to one estimate, sixty billion new cars are manufactured each year. People want to buy more vehicles because of their numerous advantages, thus demand has increased as well. According to a separate poll conducted in the United States, there are over 243 billion automobile users registered in the United States alone. This demonstrates the global significance of autos as well as the global demand for automobiles.

Download Exclusive Sample of Report

https://www.visiongain.com/report/oil-refinery-market-2022/#download_sampe_div

Where are the market opportunities?

Future Trends In Petroleum Refining

Research, design, control and operation, maintenance, information handling, supply chain management, marketing execution, and distribution will all become more computer-based. As a result, research will become more diverse, and manufacturing facilities will become more sophisticated. Domestic and foreign rivals and customers will become more sophisticated, resulting in more transparent and efficient markets. Consumers will continue to look for energy sources that are dependable and independent of political influences, as well as sustainable, environmentally friendly, easy to produce, store, and distribute. As a result, businesses will rush to reconcile fossil fuels' place among developing energy alternatives. In the meanwhile, fuel formulas and consumption will change, mostly to improve performance and reduce pollution.

Deliberate Retail Strategy

In commoditized businesses like transportation fuels, differentiation might be difficult. Although retail stations connect refineries with their ultimate customers, downstream industries frequently sell their goods through channel partners or wholesale markets. Rising retail market penetration can assist boost market share and give consumer demand data if demand for refined products in the United States declines during the next ten years. Improved partner connections and the incorporation of retail data into existing operational modelling can assist downstream companies that sell their products through third-party managed distribution and retail networks.

Foot traffic in convenience stores and retail stations has climbed by 16 percent in the last few years, providing potential for downstream enterprises to grow through the value chain's tail end. Not only are there more convenience stores, but there are also more enterprises outside of retail gas stations in transportation-related industries like food delivery and ride-sharing. Availability and convenience are often the top reasons buyers choose shops across sectors. Most fuel retailers have suffered as a result of consumers' desire for convenience, with strong backcourt competitors gaining market share. Retail stores that focus on either premium items and services or value have succeeded better than those that strive to accomplish both.

Competitive Landscape

The major players operating in the oil refinery market are China Petroleum & Chemical Corp, Royal Dutch Shell Plc, BP Plc, Exxon Mobil Corporation, Total Energies SE, Chevron Corporation, Marathon Petroleum Corporation, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Reliance Industries Limited, Valero Energy Corporation (Valero), S-Oil Corporation, Fluor Corporation, PBF Energy Inc., Phillips 66, Saudi Arabian Oil Co, PJSC Rosneft Oil Company, Eneos Holdings Inc, Gazprom PAO, These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch

To access the data contained in this document please email oliver.davison@visiongain.com

Avoid missing out by staying informed – order our report now.

Find more Visiongain research reports on Oil & Gas sector click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: oliver.davison@visiongain.com

About Visiongain

Visiongain is one of the fastest-growing and most innovative independent market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10 year forecasts, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports means that you can have a bespoke piece of market intelligence customized to your very own business needs.

Contact:

Oliver Davison
PR at Visiongain Reports Ltd
UK Tel: +44 207 336 6100.
Email: oliver.davison@visiongain.com
Web: https://www.visiongain.com/

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

Title:

Content: HI, {{username}}
Manage account
Change password
HEADLINES
{{headlineCount}} new {{headlineCount = = 1?
'update': 'updates'}}
+ MORE HEADLINES
Etihad Airways is considering buying aircraft from Airbus and Boeing
7.
MAY
2024.
A
+
A
- Ah!
Print
Email
Email
A
+
A
- Ah!
Etihad Airways ’ chief executive said on Monday the airline would consider buying a small number of Airbus and Boeing aircraft over the next five years if the two companies offered delivery opportunities.
The Abu Dhabi-based airline plans to increase its narrow-body and wide-body fleet to 150 aircraft over the next five years, compared to about 80 it currently has, meaning it plans to add 10 to 15 new aircraft a year.
Most of these new aircraft will be added through existing orders for Airbus A320, A350 and Boeing 787.
Chief Executive Antonaldo Neves said Etihad was in talks with aircraft leasing and manufacturing companies in an effort to obtain additional aircraft to supplement those it would receive from existing orders.
The company is interested in buying new aircraft directly from aircraft manufacturers by taking advantage of other airlines cancelling orders or rescheduling delivery schedules, he said.
The company will not make a big request.
He told Reuters in an interview at the Arabian Travel Market (ATM) tourism trade show in Dubai: “I strongly believe in the importance of flexibility in the aircraft fleet.
I don ’ t like making big orders. ”
“I ’ ve learned that the best thing we can do is to have a large order book with future variables in mind. ”
Airbus and Boeing are struggling to meet delivery schedules due to supply chain problems, while Boeing production has fallen due to increased quality checks and regulatory audits.
Boeing has changed its management after a series of safety issues that have weighed on industry confidence.
Skynews
MORE ABOUT
ADVERTISE HERE
JUST IN
TRENDING
HEADLINES
{{headlineCount}} new {{headlineCount = = 1?
'update': 'updates'}}
+ MORE HEADLINES
TRENDING
• online ordering system for restaurants
• The best online ordering systems for restaurants
•

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

The analysis reveals that while established players like Boeing and Airbus continue to dominate, regional dynamics are shifting, with Asia-Pacific and the Middle East emerging as critical growth markets.

## Key Trends Driving Aircraft Market Growth

### Sustainability and Fuel Efficiency
The aviation industry is experiencing a significant shift toward sustainable aircraft development.

Title:

Content: Friday 20 January 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
Dunya
NASA and Boeing are developing a sustainable aircraft.
NASA and Boeing are developing a sustainable aircraft.
January 20, 2023 01: 54
Washington (dpa)
NASA and Boeing are planning to collaborate on a new passenger jet that is less fuel-efficient and emissions-producing.
NASA Administrator Bill Nelson said: “From the very beginning, NASA is with you when you fly.
NASA has the courage to fly farther, faster and higher.
In doing so, NASA is making aviation more sustainable and dependable.
It ’ s part of our core. ”
Over a seven-year period, NASA will invest $425 million to produce and test a complete prototype of the new aircraft, with Boeing and its partners contributing the remaining $725 million in project funding.
All rights reserved to Al Ittihad Newspaper 2023 ©

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

NASA and Boeing are collaborating on a new passenger aircraft design focused on lower fuel consumption and reduced emissions, with NASA investing $425 million over seven years and Boeing contributing approximately $725 million to the project.

Title:

Content: Friday 20 January 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
Dunya
NASA and Boeing are developing a sustainable aircraft.
NASA and Boeing are developing a sustainable aircraft.
January 20, 2023 01: 54
Washington (dpa)
NASA and Boeing are planning to collaborate on a new passenger jet that is less fuel-efficient and emissions-producing.
NASA Administrator Bill Nelson said: “From the very beginning, NASA is with you when you fly.
NASA has the courage to fly farther, faster and higher.
In doing so, NASA is making aviation more sustainable and dependable.
It ’ s part of our core. ”
Over a seven-year period, NASA will invest $425 million to produce and test a complete prototype of the new aircraft, with Boeing and its partners contributing the remaining $725 million in project funding.
All rights reserved to Al Ittihad Newspaper 2023 ©

Engine manufacturers are placing strategic bets on fuel-saving technologies that will influence aircraft development throughout the next decade.

Title:

Content: Friday 20 January 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
Dunya
NASA and Boeing are developing a sustainable aircraft.
NASA and Boeing are developing a sustainable aircraft.
January 20, 2023 01: 54
Washington (dpa)
NASA and Boeing are planning to collaborate on a new passenger jet that is less fuel-efficient and emissions-producing.
NASA Administrator Bill Nelson said: “From the very beginning, NASA is with you when you fly.
NASA has the courage to fly farther, faster and higher.
In doing so, NASA is making aviation more sustainable and dependable.
It ’ s part of our core. ”
Over a seven-year period, NASA will invest $425 million to produce and test a complete prototype of the new aircraft, with Boeing and its partners contributing the remaining $725 million in project funding.
All rights reserved to Al Ittihad Newspaper 2023 ©

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

### Market Recovery and Growth
The global aircraft market is demonstrating strong recovery signals:
- Fixed-wing aircraft deliveries reached 3,050 units, up from 2,799 the previous year
- The total value of aircraft deliveries increased to $23.

Title:

Content: The General Aviation Manufacturers Association (GAMA), the trade association that represents business and general aviation manufacturers, says in 2023 deliveries of general aviation (GA) aircraft rose to more than 4,000 for the first time in more than a decade.

“When compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%,” the group said on 21 February as it published its annual full-year figures for unit deliveries and billings.

Source: Bombardier

Business and general aviation manufacturers boosted sales and deliveries in 2023

In addition to the strong sales figures, GAMA statistics show that there are “robust and growing order backlogs for all segments of aircraft”, says GAMA chief executive Pete Bunce.

“This is a testament to the resilience of our industry and the integral role that general and business aviation plays in our communities.”

Manufacturers delivered 3,050 fixed-wing aircraft, up from 2,799 the previous year. Piston aircraft deliveries rose 11.8% from 2022’s figures to 1,682 aircraft, while turboprop aircraft deliveries rose 9.6% and business jet deliveries climbed 2.5%.

The value of the aircraft rose to $23.4 billion, up 2.2% from $22.9 billion in 2022.

The preliminary value of helicopter deliveries for 2023 was $4.4 billion, an increase of approximately 11.2%, GAMA says. 962 units were delivered, versus 876 in the previous year.

More than two-thirds of the aircraft went to North America, with 12% going to Europe and 6.6% to Asia. Latin America accounted for 7% of the deliveries.

That said, the companies – like their commercial aircraft peers – are also facing supply chain issues, labour shortages as well as increased regulatory oversight, GAMA says. In addition, efforts at curtailing business and general aviation are mounting, especially in Europe, where sensitivity to factors that accelerate climate change is high.

“As civil aviation’s innovation incubator, our entire GA industry is focused on new aircraft and technologies that will lead the way in safety and sustainability for the entire aviation sector,” Bunce says. “This progress is dependent on having effective, predictable and accountable regulatory processes, and a supportive business environment.”

Title:

Content: Aviation Weather Forecasting System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component, Application, and Forecast Type

The aviation weather forecasting system market size is expected to grow from US$ 737. 09 million in 2022 to US$ 1,137. 67 million by 2028; it is estimated to grow at a CAGR of 7. 5% from 2022 to 2028.

Lyon, FRANCE

New York, Aug. 26, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Aviation Weather Forecasting System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component, Application, and Forecast Type" - https://www.reportlinker.com/p06316332/?utm_source=GNW

The increasing availability of digital and electronic communication bandwidth is contributing to the growing accuracy of weather forecasts for aviation operations.Major end-users in the aviation weather forecasting system market include commercial & military airports, weather forecast stations, air balloon operator stations, drone operating stations, etc.

The airport weather stations are automated sensor suites designed to facilitate aviation and meteorological operations, and weather forecasting and climatology.

Impact of COVID-19 Pandemic on Global Aviation Weather Forecasting System Market

Asian countries experienced a drop in the GDP, international trade, and economy in 2020.The aviation industry in Asia Pacific took a hit during the first half of 2020.

The onset of the COVID-19 pandemic resulted in a decrease in production operations and disruptions of supply chains across the region. Many emerging economies had to lower their aviation budgets and redirect the funding to cater to the demand across the healthcare sector.

According to data from the Civil Aviation Administration of China (CAAC), China had 241 licensed transport airports by the end of 2020. 114 new airport projects were initiated or continued during that year. As of 2020, China had 58 more airports compared to that in 2012. This indicates the commencement of ~7 new airports each year. According to plans issued by the Civil Aviation Administration of China (CAAC) in February 2021, China aims to have 400 civilian transport airports by the end of 2035, resulting in a 150-percentage-point increase from the number recorded in 2020. Further, as per Airports Council International (ACI), the country will build ~10 new airports each year by 2035. Thus, the demand for LIDAR, AWOS, sensors, radar, ceilometer, etc., is expected to rise in countries such as China, India, Japan, Australia, South Korea, and Taiwan during the COVID-recovery period (2021 onwards) which has further driven the aviation weather forecasting system market growth.

The Middle East & Africa (MEA) aviation weather forecasting system market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA.The region has experienced an increase in passenger and cargo air traffic, influencing the rise in investment in the development and redevelopment of new and technologically advanced airport facilities.

The new Addis Ababa International Airport construction started in 2020 and is expected to be completed by 2024 is also expected to generate new opportunities for aviation weather forecasting system market players during the forecasted period.Similarly, the Saudi Arabian government is constructing the Red Sea International Airport under Saudi Arabia’s Vision 2030 strategy to accommodate 900 passengers per hour.

In August 2021, the Nigerian government announced the investment of US$ 40.3 million for several aviation projects. The fund is allotted toward the development of new airports and renovation of existing airports. The government of Nigeria has also invested US$ 1.52 million in the construction of the Wachakal Airport. Thus, with a continuous surge in passenger traffic at airports, the increasing number of airport construction and expansion (including modernization of existing airports) projects is likely to boost the aviation weather forecasting system market growth in the MEA region. Some of the aviation weather forecasting system market players across the MEA region include Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; and Universal Weather and Aviation, Inc.

According to Boeing Commercial Outlook (2022–2041), commercial aircraft deliveries in Latin America are expected to reach ~2,240 units by the end of 2041.The rise in aircraft deliveries would, in turn, highlight the need for smart and modernized airport infrastructure to prevent unforeseen incidents, thereby propelling the demand for weather forecasting services.

The aviation weather forecasting system market in SAM has been analyzed on the basis of prevalent trends in Brazil and the Rest of South America. According to a report published by CEPAL, South America is likely to require a total investment of US$ 25.5 billion during 2016–2025 to fill the capacity gap in airport infrastructure. This is also expected to catalyze the adoption of aviation weather forecasting systems across those airports which will drive the aviation weather forecasting system market growth in South America region. In January 2021, Jorge Chavez International Airport, in Lima, Peru, announced that they are undergoing a major expansion. The airport expansion program includes the development of a new passenger terminal, a second runway, taxiways, and a new air traffic control (ATC) tower. Lima Airport Partners have signed an agreement for a loan of US$ 450 million to fund this development program.

Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; Sutron Corporation; Vaisala; Universal Weather and Aviation Inc.; ENAV S.p.A.; DTN; and Spire Global are the aviation weather forecasting system market players profiled in this market study.

The overall aviation weather forecasting system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the aviation weather forecasting system market.

The process also serves the purpose of obtaining an overview and forecast of the aviation weather forecasting system market growth with respect to all market segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.

Participants of this process include VPs, business development managers, aviation weather forecasting system market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the global aviation weather forecasting system market.
Read the full report: https://www.reportlinker.com/p06316332/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

Contact Data

4 billion, a 2.

Title:

Content: Aerospace Tester Market Size, Share And Growth Analysis For 2024-2033

Aerospace Tester Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company's Aerospace Tester Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

It will grow to $29.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.”
— The Business Research Company

LANDON, GREATER LANDON, UK, May 30, 2024 /EINPresswire.com/ -- The global market reports from The Business Research Company have been updated with the most recent market sizing data for 2024 and projections extended to 2033

The Business Research Company’s “Aerospace Tester Global Market Report 2024 is a comprehensive source of information that covers every facet of the market. As per TBRC’s market forecast, the aerospace tester market size is predicted to reach $29.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.

The growth in the aerospace tester market is due to the expansion of the commercial space industry. Asia-Pacific region is expected to hold the largest aerospace tester market share. Major players in the aerospace tester market include Boeing Company, Lockheed Martin Corporation, Airbus Group, General Electric Co., Northrop Grumman Corporation, BAE Systems Plc.

Aerospace Tester Market Segments
1. By Product Type: Avionics Testers, Communication Testers, Structural Testers, Propulsion System Testers
2. By Application: Flight Control System Testing, Communication System Testing, Engine Testing, Structural Testing, Environmental Testing
3. By End User: Commercial Aviation, Defense and Military, Space and Satellite
4. By Geography: The global aerospace tester market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Learn More On The Market By Requesting A Free Sample (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=14239&type=smp

An aerospace tester refers to a specialized piece of equipment or system used in the aerospace industry to conduct numerous tests and assessments on aircraft components, systems, or the complete aircraft. It is used to test aircraft equipment's performance, dependability, durability, and functionality in various situations, including temperature extremes, vibration, pressure, and electromagnetic interference.

Read More On The Aerospace Tester Global Market Report At:
https://www.thebusinessresearchcompany.com/report/aerospace-tester-global-market-report

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aerospace Tester Market Characteristics
3. Aerospace Tester Market Trends And Strategies
4. Aerospace Tester Market – Macro Economic Scenario
5. Aerospace Tester Market Size And Growth
……
27. Aerospace Tester Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Market
29. Aerospace Tester Market Future Outlook and Potential Analysis
30. Appendix

Browse Through More Similar Reports By The Business Research Company:

Aerospace And Defense Telemetry Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/aerospace-and-defense-telemetry-global-market-report

Aerospace 3D Printing Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/aerospace-3d-printing-global-market-report

Aerospace Support and Auxiliary Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/aerospace-support-and-auxiliary-equipment-global-market-report

Contact Information
The Business Research Company: https://www.thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

2% rise from $22.

9 billion in 2022
- Piston aircraft deliveries rose 11.

Title:

Content: The General Aviation Manufacturers Association (GAMA), the trade association that represents business and general aviation manufacturers, says in 2023 deliveries of general aviation (GA) aircraft rose to more than 4,000 for the first time in more than a decade.

“When compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%,” the group said on 21 February as it published its annual full-year figures for unit deliveries and billings.

Source: Bombardier

Business and general aviation manufacturers boosted sales and deliveries in 2023

In addition to the strong sales figures, GAMA statistics show that there are “robust and growing order backlogs for all segments of aircraft”, says GAMA chief executive Pete Bunce.

“This is a testament to the resilience of our industry and the integral role that general and business aviation plays in our communities.”

Manufacturers delivered 3,050 fixed-wing aircraft, up from 2,799 the previous year. Piston aircraft deliveries rose 11.8% from 2022’s figures to 1,682 aircraft, while turboprop aircraft deliveries rose 9.6% and business jet deliveries climbed 2.5%.

The value of the aircraft rose to $23.4 billion, up 2.2% from $22.9 billion in 2022.

The preliminary value of helicopter deliveries for 2023 was $4.4 billion, an increase of approximately 11.2%, GAMA says. 962 units were delivered, versus 876 in the previous year.

More than two-thirds of the aircraft went to North America, with 12% going to Europe and 6.6% to Asia. Latin America accounted for 7% of the deliveries.

That said, the companies – like their commercial aircraft peers – are also facing supply chain issues, labour shortages as well as increased regulatory oversight, GAMA says. In addition, efforts at curtailing business and general aviation are mounting, especially in Europe, where sensitivity to factors that accelerate climate change is high.

“As civil aviation’s innovation incubator, our entire GA industry is focused on new aircraft and technologies that will lead the way in safety and sustainability for the entire aviation sector,” Bunce says. “This progress is dependent on having effective, predictable and accountable regulatory processes, and a supportive business environment.”

8%, turboprop deliveries increased 9.

Title:

Content: The General Aviation Manufacturers Association (GAMA), the trade association that represents business and general aviation manufacturers, says in 2023 deliveries of general aviation (GA) aircraft rose to more than 4,000 for the first time in more than a decade.

“When compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%,” the group said on 21 February as it published its annual full-year figures for unit deliveries and billings.

Source: Bombardier

Business and general aviation manufacturers boosted sales and deliveries in 2023

In addition to the strong sales figures, GAMA statistics show that there are “robust and growing order backlogs for all segments of aircraft”, says GAMA chief executive Pete Bunce.

“This is a testament to the resilience of our industry and the integral role that general and business aviation plays in our communities.”

Manufacturers delivered 3,050 fixed-wing aircraft, up from 2,799 the previous year. Piston aircraft deliveries rose 11.8% from 2022’s figures to 1,682 aircraft, while turboprop aircraft deliveries rose 9.6% and business jet deliveries climbed 2.5%.

The value of the aircraft rose to $23.4 billion, up 2.2% from $22.9 billion in 2022.

The preliminary value of helicopter deliveries for 2023 was $4.4 billion, an increase of approximately 11.2%, GAMA says. 962 units were delivered, versus 876 in the previous year.

More than two-thirds of the aircraft went to North America, with 12% going to Europe and 6.6% to Asia. Latin America accounted for 7% of the deliveries.

That said, the companies – like their commercial aircraft peers – are also facing supply chain issues, labour shortages as well as increased regulatory oversight, GAMA says. In addition, efforts at curtailing business and general aviation are mounting, especially in Europe, where sensitivity to factors that accelerate climate change is high.

“As civil aviation’s innovation incubator, our entire GA industry is focused on new aircraft and technologies that will lead the way in safety and sustainability for the entire aviation sector,” Bunce says. “This progress is dependent on having effective, predictable and accountable regulatory processes, and a supportive business environment.”

6%, and business jet deliveries climbed 2.

Title:

Content: The General Aviation Manufacturers Association (GAMA), the trade association that represents business and general aviation manufacturers, says in 2023 deliveries of general aviation (GA) aircraft rose to more than 4,000 for the first time in more than a decade.

“When compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%,” the group said on 21 February as it published its annual full-year figures for unit deliveries and billings.

Source: Bombardier

Business and general aviation manufacturers boosted sales and deliveries in 2023

In addition to the strong sales figures, GAMA statistics show that there are “robust and growing order backlogs for all segments of aircraft”, says GAMA chief executive Pete Bunce.

“This is a testament to the resilience of our industry and the integral role that general and business aviation plays in our communities.”

Manufacturers delivered 3,050 fixed-wing aircraft, up from 2,799 the previous year. Piston aircraft deliveries rose 11.8% from 2022’s figures to 1,682 aircraft, while turboprop aircraft deliveries rose 9.6% and business jet deliveries climbed 2.5%.

The value of the aircraft rose to $23.4 billion, up 2.2% from $22.9 billion in 2022.

The preliminary value of helicopter deliveries for 2023 was $4.4 billion, an increase of approximately 11.2%, GAMA says. 962 units were delivered, versus 876 in the previous year.

More than two-thirds of the aircraft went to North America, with 12% going to Europe and 6.6% to Asia. Latin America accounted for 7% of the deliveries.

That said, the companies – like their commercial aircraft peers – are also facing supply chain issues, labour shortages as well as increased regulatory oversight, GAMA says. In addition, efforts at curtailing business and general aviation are mounting, especially in Europe, where sensitivity to factors that accelerate climate change is high.

“As civil aviation’s innovation incubator, our entire GA industry is focused on new aircraft and technologies that will lead the way in safety and sustainability for the entire aviation sector,” Bunce says. “This progress is dependent on having effective, predictable and accountable regulatory processes, and a supportive business environment.”

5%

Boeing's Commercial Market Outlook forecasts that global airlines will need 42,595 new aircraft by 2042, indicating substantial long-term demand.

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

### Supply Chain Dynamics
Airlines have gained increased bargaining power due to supply shortages, making aircraft manufacturers more stringent on pricing and more cautious than in previous cycles.

This dynamic is influencing how manufacturers approach order books and delivery schedules.

## Regional Market Dynamics

### Asia-Pacific: The Primary Growth Engine
The Asia-Pacific region is emerging as the most significant driver of global aircraft demand:
- Boeing expects the region's passenger traffic to surpass pre-pandemic demand within the next few years
- Southeast Asia's fleet and commercial flights have already increased more than 50% in 2022 compared to 2019
- Nearly 70% of all new deliveries in Southeast Asia will serve growth in demand over the next 20 years
- India is highlighted as the world's fastest-growing aviation market, making it increasingly important for aircraft manufacturers

### China: Strategic Market with Shifting Dynamics
China remains a critical market with unique characteristics:
- At its peak in 2018, China took approximately 350 jets in a single year
- Chinese carriers traditionally balance deals between Airbus and Boeing to maintain maximum leverage
- Analysts suggest China is preparing for a significant market comeback, potentially putting the US at a disadvantage
- Airbus could further strengthen its position by prioritizing China's deliveries

### Middle East: Ambitious Expansion Plans
The Middle East is demonstrating strong commitment to aviation growth:
- The region is expected to see 3,000 new aircraft enter service by 2040
- Middle East-based airlines will require 3,025 new aircraft by 2042 according to Boeing's forecast
- Approximately 40% of these new aircraft will replace currently operating fleets
- The region emphasizes sustainability as a fundamental pillar for sector growth

### Europe: Manufacturing Hub with Market Leadership
Europe maintains a strong position in the global aircraft market:
- Europe accounted for the largest revenue share in the global market in 2020
- This leadership is attributed to the presence of major aircraft manufacturers in the region
- The market is expected to increase significantly during the forecast period

### North America: Leading Aircraft Recipient
North America continues to be the primary destination for new aircraft:
- More than two-thirds of aircraft deliveries went to North America
- The region received 12% of deliveries to Europe and 6.

Title:

Content: Southeast Asia Commercial Air Fleet Set To Nearly Triple Over Next 20 Years - Boeing

(@FahadShabbir)

WASHINGTON (UrduPoint News / Sputnik - 12th November, 2022) The number of commercial passenger and cargo aircraft operating in the Southeast Asia region is expected to almost triple from the current 1,600 to 4,200 over the next two decades, Boeing announced in its Commercial Market Outlook (CMO) report.

"To meet a projected long-term growth of 5.3% in passenger and cargo travel in the coming years, the CMO anticipates the region's carriers will need more than 4,200 new commercial airplanes over the next 20 years," Boeing said in the report on Friday. "This represents a huge growth in the current size of Southeast Asia's fleet of 1,600 and would make the region the second largest market in Asia."

Boeing said the CMO projected a return to a rapid rate of growth over the next 20 year.

The CMO report was released at the Association of Asia Pacific Airlines (AAPA) 66th Assembly of Presidents conference in Bangkok.

"Boeing expects the region's passenger traffic will surpass pre-pandemic demand over the next few years. We continue to expect ... tremendous upward mobility in this emerging region, with nearly 70% of all new deliveries in Southeast Asia serving growth in demand over the next 20 years,"

Boeing Commercial Marketing managing regional director for Asia Pacific Dave Schulte said in the report.

Southeast Asia's current fleet and number of commercial flights have increased more than 50% in 2022 compared to 2019 before the pandemic, the report added.

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

Title:

Content: After Boeing’s European archrival revealed a major deal to provide aircraft to Chinese carriers, the U.S.-based planemaker bemoaned its home country’s trade war with China for bruising its business prospects.

“As a top U.S. exporter with a 50-year relationship with China’s aviation industry, it is disappointing that geopolitical differences continue to constrain U.S. aircraft exports,” a Boeing spokesperson said Friday in a statement.

The agreement for Airbus SE to provide 292 planes to Chinese airlines in a deal worth $37 billion is a stark reminder of Boeing’s uncertain standing in one of the world’s largest travel markets. Both Airbus and Boeing have held long-running talks for large narrowbody aircraft orders that would help China replenish and grow its domestic fleet this decade, said a person familiar with the matter.

But, for now, Boeing can only watch as Airbus celebrates an order bonanza that doubles a 290-aircraft deal the European manufacturer struck in March 2019.

“This is China sending a sign, and it hurts Boeing terribly,” said George Ferguson, analyst with Bloomberg Intelligence.

China plays a critical role in Arlington, Virginia-based Boeing’s turnaround efforts after two fatal 737 MAX crashes, one in 2018 and the other in 2019. Regulators in Beijing were the first to ground the Boeing jet after the second tragedy. While China approved the plane’s return at the end of last year, airlines in that country still haven’t resumed using that aircraft for commercial flights or taken any deliveries.

Advertising

More

Boeing is storing around 150 jets that it built but never delivered to China, most of them narrowbody MAX models. Restarting those handovers would generate cash badly needed to pay down its $58 billion debt. Those deliveries also would help make the case to speed Boeing’s 737 production, Ferguson said.

China’s largest carriers have traditionally carefully balanced deals between the aerospace duopoly in order to maintain maximum leverage. The government, which oversees such purchases, tends to reveal them in carefully timed events — like state visits — to punctuate its policies on trade.

“We continue to urge a productive dialogue between the governments given the mutual economic benefits of a thriving aviation industry,” the Boeing spokesperson said. “Boeing aircraft sales to China historically support tens of thousands of American jobs, and we are hopeful orders and deliveries will resume promptly.”

At the market’s peak in 2018, China took around 350 jets in a single year, notes Richard Aboulafia, analyst with AeroDynamic Advisory. By prioritizing China’s deliveries, Airbus could further squeeze Boeing, he said.

“The Chinese are preparing for a comeback just like you’re seeing in the rest of the world, and it’s pretty clear the U.S. is at a disadvantage,” he said.

6% to Asia
- Latin America accounted for 7% of deliveries

## Strategic Positioning of Major Manufacturers

### Boeing
- Projects a return to rapid growth over the next 20 years
- Collaborating with NASA on sustainable aircraft development
- Facing challenges in the Chinese market, potentially at a disadvantage compared to Airbus
- Maintains strong presence in the Middle East and North American markets

### Airbus
- Appears to be gaining ground in the strategic Chinese market
- Received confirmed orders from Saudi low-cost airline NAS for 30 A320neo aircraft
- Well-positioned in the growing Indian market
- Showing strength in the Middle East, with expectations for significant fleet expansion

### Russian Manufacturers (Rostech)
- Plans to deliver more than 110 aircraft of various types by 2025 and over 500 by 2030
- Aims to fill the gap left by Western manufacturers following sanctions
- Claims the break with Airbus and Boeing will be more painful for Western manufacturers than Russia in the long term
- Acknowledges current challenges but views the situation as an "opportunity window"

## Investment Implications

The aircraft manufacturing sector presents several investment considerations:

1.

Title:

Content: The General Aviation Manufacturers Association (GAMA), the trade association that represents business and general aviation manufacturers, says in 2023 deliveries of general aviation (GA) aircraft rose to more than 4,000 for the first time in more than a decade.

“When compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%,” the group said on 21 February as it published its annual full-year figures for unit deliveries and billings.

Source: Bombardier

Business and general aviation manufacturers boosted sales and deliveries in 2023

In addition to the strong sales figures, GAMA statistics show that there are “robust and growing order backlogs for all segments of aircraft”, says GAMA chief executive Pete Bunce.

“This is a testament to the resilience of our industry and the integral role that general and business aviation plays in our communities.”

Manufacturers delivered 3,050 fixed-wing aircraft, up from 2,799 the previous year. Piston aircraft deliveries rose 11.8% from 2022’s figures to 1,682 aircraft, while turboprop aircraft deliveries rose 9.6% and business jet deliveries climbed 2.5%.

The value of the aircraft rose to $23.4 billion, up 2.2% from $22.9 billion in 2022.

The preliminary value of helicopter deliveries for 2023 was $4.4 billion, an increase of approximately 11.2%, GAMA says. 962 units were delivered, versus 876 in the previous year.

More than two-thirds of the aircraft went to North America, with 12% going to Europe and 6.6% to Asia. Latin America accounted for 7% of the deliveries.

That said, the companies – like their commercial aircraft peers – are also facing supply chain issues, labour shortages as well as increased regulatory oversight, GAMA says. In addition, efforts at curtailing business and general aviation are mounting, especially in Europe, where sensitivity to factors that accelerate climate change is high.

“As civil aviation’s innovation incubator, our entire GA industry is focused on new aircraft and technologies that will lead the way in safety and sustainability for the entire aviation sector,” Bunce says. “This progress is dependent on having effective, predictable and accountable regulatory processes, and a supportive business environment.”

Title:

Content: Southeast Asia Commercial Air Fleet Set To Nearly Triple Over Next 20 Years - Boeing

(@FahadShabbir)

WASHINGTON (UrduPoint News / Sputnik - 12th November, 2022) The number of commercial passenger and cargo aircraft operating in the Southeast Asia region is expected to almost triple from the current 1,600 to 4,200 over the next two decades, Boeing announced in its Commercial Market Outlook (CMO) report.

"To meet a projected long-term growth of 5.3% in passenger and cargo travel in the coming years, the CMO anticipates the region's carriers will need more than 4,200 new commercial airplanes over the next 20 years," Boeing said in the report on Friday. "This represents a huge growth in the current size of Southeast Asia's fleet of 1,600 and would make the region the second largest market in Asia."

Boeing said the CMO projected a return to a rapid rate of growth over the next 20 year.

The CMO report was released at the Association of Asia Pacific Airlines (AAPA) 66th Assembly of Presidents conference in Bangkok.

"Boeing expects the region's passenger traffic will surpass pre-pandemic demand over the next few years. We continue to expect ... tremendous upward mobility in this emerging region, with nearly 70% of all new deliveries in Southeast Asia serving growth in demand over the next 20 years,"

Boeing Commercial Marketing managing regional director for Asia Pacific Dave Schulte said in the report.

Southeast Asia's current fleet and number of commercial flights have increased more than 50% in 2022 compared to 2019 before the pandemic, the report added.

Title:

Content: ANKARA, June 2 — PRIME.
The general director of the corporation "Rostec" Sergey Chemezov said that until 2025 it is planned to deliver more than 110 aircraft of various types, and by 2030 - more than 500, his words leads the Turkish newspaper Star.
Commenting on the refusal of Airbus and Boeing to supply products to the Russian market, Chemezov said that "in the long term this gap will be more painful for Western manufacturers than for Russia."
Explaining that in connection with the sanctions in the warehouses had to dispose of various expensive products prepared for Russia, Chemezov said that "Western suppliers represented in Russia have lost a large sales market."
Stressing that there is no “deadly ” situation for Russia, Chemezov acknowledged its complexity.
“Yes, it is a difficult situation for us now.
But we can handle it.
It ’ s a big window of opportunity for us, ” he said.
Noting that today Russian airlines operate 150 Superjet aircraft, Chemezov said that this year it is planned to supply another 20 aircraft, and from 2024, the Russian United Aircraft Company plans to supply at least 20 aircraft of this brand per year.
Explaining that such aircraft as the MS-21, Tu-214 and Il-114 are also significantly ready, Chemezov said that "by 2025 it is planned to launch more than 110 aircraft of various types, and by 2030 - more than 500 aircraft using high technologies in Russia."
TRANSITION TO CALCULATIONS IN CURRENCIES
According to Chemezov, more and more countries are taking the example of the Russian Federation, refusing to pay in dollars and switching to national currencies.
Recalling that Rostec has long abandoned the use of dollars in connection with sanctions against the Russian financial sector, Chemezov said that the corporation increased payments in rubles and national currencies.
According to him, partnerships with countries with a long tradition of cooperation and mutual trust will be strengthened.
“We know the value of words, this is our main difference from the West, where today they say one thing, and tomorrow they can do something completely different.
We no longer have illusions about partnership with Western countries, ” he said.
PROSPECTS FOR COOPERATION
Chemezov also said that Russia is not closed from international cooperation, but it will be difficult, if not impossible, to gain Moscow ’ s trust in the supporters of the sanctions policy.
According to him, “there is a well-planned war to destroy the Russian financial sector, industry, citizens, culture and sports ”, which did not begin today.
“We have witnessed new sanctions, restrictions and a search for excuses for hostile actions over the years.
The current restrictions are truly unprecedented.
Such actions are far from common sense and justice.
What are they doing on a global scale?
Destruction of the principles of free trade, loss of trust.
They discredit Western economic and political institutions, "Chemezov said.

**Long-term Growth Trajectory**: With Boeing forecasting demand for 42,595 new aircraft globally by 2042, the sector offers substantial long-term growth potential.

Title:

Content: Southeast Asia Commercial Air Fleet Set To Nearly Triple Over Next 20 Years - Boeing

(@FahadShabbir)

WASHINGTON (UrduPoint News / Sputnik - 12th November, 2022) The number of commercial passenger and cargo aircraft operating in the Southeast Asia region is expected to almost triple from the current 1,600 to 4,200 over the next two decades, Boeing announced in its Commercial Market Outlook (CMO) report.

"To meet a projected long-term growth of 5.3% in passenger and cargo travel in the coming years, the CMO anticipates the region's carriers will need more than 4,200 new commercial airplanes over the next 20 years," Boeing said in the report on Friday. "This represents a huge growth in the current size of Southeast Asia's fleet of 1,600 and would make the region the second largest market in Asia."

Boeing said the CMO projected a return to a rapid rate of growth over the next 20 year.

The CMO report was released at the Association of Asia Pacific Airlines (AAPA) 66th Assembly of Presidents conference in Bangkok.

"Boeing expects the region's passenger traffic will surpass pre-pandemic demand over the next few years. We continue to expect ... tremendous upward mobility in this emerging region, with nearly 70% of all new deliveries in Southeast Asia serving growth in demand over the next 20 years,"

Boeing Commercial Marketing managing regional director for Asia Pacific Dave Schulte said in the report.

Southeast Asia's current fleet and number of commercial flights have increased more than 50% in 2022 compared to 2019 before the pandemic, the report added.

Title:

Content: ANKARA, June 2 — PRIME.
The general director of the corporation "Rostec" Sergey Chemezov said that until 2025 it is planned to deliver more than 110 aircraft of various types, and by 2030 - more than 500, his words leads the Turkish newspaper Star.
Commenting on the refusal of Airbus and Boeing to supply products to the Russian market, Chemezov said that "in the long term this gap will be more painful for Western manufacturers than for Russia."
Explaining that in connection with the sanctions in the warehouses had to dispose of various expensive products prepared for Russia, Chemezov said that "Western suppliers represented in Russia have lost a large sales market."
Stressing that there is no “deadly ” situation for Russia, Chemezov acknowledged its complexity.
“Yes, it is a difficult situation for us now.
But we can handle it.
It ’ s a big window of opportunity for us, ” he said.
Noting that today Russian airlines operate 150 Superjet aircraft, Chemezov said that this year it is planned to supply another 20 aircraft, and from 2024, the Russian United Aircraft Company plans to supply at least 20 aircraft of this brand per year.
Explaining that such aircraft as the MS-21, Tu-214 and Il-114 are also significantly ready, Chemezov said that "by 2025 it is planned to launch more than 110 aircraft of various types, and by 2030 - more than 500 aircraft using high technologies in Russia."
TRANSITION TO CALCULATIONS IN CURRENCIES
According to Chemezov, more and more countries are taking the example of the Russian Federation, refusing to pay in dollars and switching to national currencies.
Recalling that Rostec has long abandoned the use of dollars in connection with sanctions against the Russian financial sector, Chemezov said that the corporation increased payments in rubles and national currencies.
According to him, partnerships with countries with a long tradition of cooperation and mutual trust will be strengthened.
“We know the value of words, this is our main difference from the West, where today they say one thing, and tomorrow they can do something completely different.
We no longer have illusions about partnership with Western countries, ” he said.
PROSPECTS FOR COOPERATION
Chemezov also said that Russia is not closed from international cooperation, but it will be difficult, if not impossible, to gain Moscow ’ s trust in the supporters of the sanctions policy.
According to him, “there is a well-planned war to destroy the Russian financial sector, industry, citizens, culture and sports ”, which did not begin today.
“We have witnessed new sanctions, restrictions and a search for excuses for hostile actions over the years.
The current restrictions are truly unprecedented.
Such actions are far from common sense and justice.
What are they doing on a global scale?
Destruction of the principles of free trade, loss of trust.
They discredit Western economic and political institutions, "Chemezov said.

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

**Regional Exposure**: Companies with strong exposure to Asia-Pacific and Middle East markets may benefit disproportionately from growth in these regions.

**Sustainability Focus**: Manufacturers investing in fuel-efficient technologies and sustainable aviation solutions are likely to have competitive advantages as environmental regulations tighten.

Title:

Content: Friday 20 January 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
Dunya
NASA and Boeing are developing a sustainable aircraft.
NASA and Boeing are developing a sustainable aircraft.
January 20, 2023 01: 54
Washington (dpa)
NASA and Boeing are planning to collaborate on a new passenger jet that is less fuel-efficient and emissions-producing.
NASA Administrator Bill Nelson said: “From the very beginning, NASA is with you when you fly.
NASA has the courage to fly farther, faster and higher.
In doing so, NASA is making aviation more sustainable and dependable.
It ’ s part of our core. ”
Over a seven-year period, NASA will invest $425 million to produce and test a complete prototype of the new aircraft, with Boeing and its partners contributing the remaining $725 million in project funding.
All rights reserved to Al Ittihad Newspaper 2023 ©

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

**Supply Chain Resilience**: Companies that have successfully navigated supply chain challenges and established robust production systems may be better positioned for consistent growth.

**Market Diversification**: Manufacturers with diversified geographic exposure may be better insulated from regional geopolitical disruptions.

## Conclusion

The global aircraft market is entering a period of robust growth driven by recovering air travel demand, particularly in Asia-Pacific and the Middle East.

While established manufacturers Boeing and Airbus continue to dominate, regional dynamics are creating new competitive landscapes.

Title:

Content: After Boeing’s European archrival revealed a major deal to provide aircraft to Chinese carriers, the U.S.-based planemaker bemoaned its home country’s trade war with China for bruising its business prospects.

“As a top U.S. exporter with a 50-year relationship with China’s aviation industry, it is disappointing that geopolitical differences continue to constrain U.S. aircraft exports,” a Boeing spokesperson said Friday in a statement.

The agreement for Airbus SE to provide 292 planes to Chinese airlines in a deal worth $37 billion is a stark reminder of Boeing’s uncertain standing in one of the world’s largest travel markets. Both Airbus and Boeing have held long-running talks for large narrowbody aircraft orders that would help China replenish and grow its domestic fleet this decade, said a person familiar with the matter.

But, for now, Boeing can only watch as Airbus celebrates an order bonanza that doubles a 290-aircraft deal the European manufacturer struck in March 2019.

“This is China sending a sign, and it hurts Boeing terribly,” said George Ferguson, analyst with Bloomberg Intelligence.

China plays a critical role in Arlington, Virginia-based Boeing’s turnaround efforts after two fatal 737 MAX crashes, one in 2018 and the other in 2019. Regulators in Beijing were the first to ground the Boeing jet after the second tragedy. While China approved the plane’s return at the end of last year, airlines in that country still haven’t resumed using that aircraft for commercial flights or taken any deliveries.

Advertising

More

Boeing is storing around 150 jets that it built but never delivered to China, most of them narrowbody MAX models. Restarting those handovers would generate cash badly needed to pay down its $58 billion debt. Those deliveries also would help make the case to speed Boeing’s 737 production, Ferguson said.

China’s largest carriers have traditionally carefully balanced deals between the aerospace duopoly in order to maintain maximum leverage. The government, which oversees such purchases, tends to reveal them in carefully timed events — like state visits — to punctuate its policies on trade.

“We continue to urge a productive dialogue between the governments given the mutual economic benefits of a thriving aviation industry,” the Boeing spokesperson said. “Boeing aircraft sales to China historically support tens of thousands of American jobs, and we are hopeful orders and deliveries will resume promptly.”

At the market’s peak in 2018, China took around 350 jets in a single year, notes Richard Aboulafia, analyst with AeroDynamic Advisory. By prioritizing China’s deliveries, Airbus could further squeeze Boeing, he said.

“The Chinese are preparing for a comeback just like you’re seeing in the rest of the world, and it’s pretty clear the U.S. is at a disadvantage,” he said.

The industry's increasing focus on sustainability and fuel efficiency is driving innovation and strategic partnerships.

Title:

Content: Friday 20 January 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
Dunya
NASA and Boeing are developing a sustainable aircraft.
NASA and Boeing are developing a sustainable aircraft.
January 20, 2023 01: 54
Washington (dpa)
NASA and Boeing are planning to collaborate on a new passenger jet that is less fuel-efficient and emissions-producing.
NASA Administrator Bill Nelson said: “From the very beginning, NASA is with you when you fly.
NASA has the courage to fly farther, faster and higher.
In doing so, NASA is making aviation more sustainable and dependable.
It ’ s part of our core. ”
Over a seven-year period, NASA will invest $425 million to produce and test a complete prototype of the new aircraft, with Boeing and its partners contributing the remaining $725 million in project funding.
All rights reserved to Al Ittihad Newspaper 2023 ©

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

It is working on adopting innovative strategies.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

It is working on adopting innovative strategies.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

It is working on adopting innovative strategies.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

It is working on adopting innovative strategies.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

For investors, companies with strong exposure to high-growth regions, commitment to sustainable technologies, and resilient supply chains appear best positioned to capitalize on the anticipated demand for new aircraft over the coming decades.

Title:

Content: IATA: Sustainable fuels are imperative for climate neutrality.
3,000 aircraft expected to enter service in the Middle East
Al-Issawi called on governments to adopt policies to stimulate its production at prices equivalent to traditional jet fuel
Khalid Al-Issawi Director, Gulf and Near East Region, International Air Transport Association (IATA)
Khalid Al-Issawi, Director of the Gulf and Near East Region at the International Air Transport Association (IATA), said that urgent efforts to achieve the objectives of climate neutrality are now being accelerated in coordination among all the owners of the sectors related to aviation.
Al-Issawi pointed out that this vision is based on a shared commitment towards future generations, pointing out that the promotion of sustainable aviation fuel production is a necessity to achieve these goals.
Al-Issawi called on governments to adopt policies that stimulate the production of sustainable fuel in order to provide it at prices equivalent to the cost of conventional jet fuel.
According to Mikael Hawari, President of Airbus Middle East and Africa, 3,000 new aircraft are expected to be operational in the region by 2040, with 40% of these aircraft replacing the aircraft currently in operation, reinforcing the region ’ s commitment to sustainability as a key pillar of the industry ’ s development.
This came at the Arab Aviation Summit in Ras Al Khaimah with the leaders of the Arab aviation sector from the region and the world to discuss sustainable growth in the aviation sector, renew commitments to reduce carbon emissions, and implement effective strategies to support the sustainable growth of the aviation and tourism sector.
News you might like.
No stories found.
Sabq Electronic Newspaper
sabq.org

Title:

Content: HI, {{username}}
Manage account
Change password
HEADLINES
{{headlineCount}} new {{headlineCount = = 1?
'update': 'updates'}}
+ MORE HEADLINES
Etihad Airways is considering buying aircraft from Airbus and Boeing
7.
MAY
2024.
A
+
A
- Ah!
Print
Email
Email
A
+
A
- Ah!
Etihad Airways ’ chief executive said on Monday the airline would consider buying a small number of Airbus and Boeing aircraft over the next five years if the two companies offered delivery opportunities.
The Abu Dhabi-based airline plans to increase its narrow-body and wide-body fleet to 150 aircraft over the next five years, compared to about 80 it currently has, meaning it plans to add 10 to 15 new aircraft a year.
Most of these new aircraft will be added through existing orders for Airbus A320, A350 and Boeing 787.
Chief Executive Antonaldo Neves said Etihad was in talks with aircraft leasing and manufacturing companies in an effort to obtain additional aircraft to supplement those it would receive from existing orders.
The company is interested in buying new aircraft directly from aircraft manufacturers by taking advantage of other airlines cancelling orders or rescheduling delivery schedules, he said.
The company will not make a big request.
He told Reuters in an interview at the Arabian Travel Market (ATM) tourism trade show in Dubai: “I strongly believe in the importance of flexibility in the aircraft fleet.
I don ’ t like making big orders. ”
“I ’ ve learned that the best thing we can do is to have a large order book with future variables in mind. ”
Airbus and Boeing are struggling to meet delivery schedules due to supply chain problems, while Boeing production has fallen due to increased quality checks and regulatory audits.
Boeing has changed its management after a series of safety issues that have weighed on industry confidence.
Skynews
MORE ABOUT
ADVERTISE HERE
JUST IN
TRENDING
HEADLINES
{{headlineCount}} new {{headlineCount = = 1?
'update': 'updates'}}
+ MORE HEADLINES
TRENDING
• online ordering system for restaurants
• The best online ordering systems for restaurants
•

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.