Subscribe Free
in Business & Finance

IBA predicts a succession of deferrals in the Middle East

Posted 13 October 2017 · Add Comment

Independent aviation consultancy firm IBA predicts that the aircraft market in the Middle East is set for a succession of deferrals between now and 2036.

Speaking to an audience of lessors, lessees, operators, financiers, banks and lawyers at a Conference in Dubai, IBA’s CEO Phil Seymour said that a combination of key factors including overcapacity, low fuel price and local unrest, are all contributing towards carriers deferring.

“The current backlog in the region is 996 aircraft, with the main airlines Emirates, Etihad and Qatar all being affected by decreasing yields due to overcapacity” said Seymour.

Fleet data pulled from IBA.iQ in the chart below, shows that Emirates has recently deferred twelve A380s, with IBA forecasting that there is also a possibility of Etihad deferring a number of Dreamliners. This in turn could also extend to A350-900/1000s, as the market segment is broadly similar.

Speaking at the conference, Seymour also commented that whilst Qatar’s recent cancellation of four A350-900s was attributed to supply issues, “many believe that it was a useful reason to ease the overcapacity situation, and that there is a possibility that Qatar will also defer a number of A350-1000s.” Next year, Seymour went on to say, “Qatar will finally start taking on A320neos after stalling over engine problems. Overcapacity will then impact on the Boeing 777X program.”

Yemenia’s orders for the A320neos and A350-900s, says IBA, will be delayed until the situation within the country improves.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Private - at a price

Private aircraft ownership comes with its own set of considerations, all focused on maintaining airworthiness through planned and unplanned events. Chuck Grieve spoke to leading Middle East maintenance, repair and overhaul (MRO)

Middle East and North Africa business aviation association attracts new board members

Ali Alnaqbi, founding & executive chairman of the Middle East and North Africa Business Aviation Association (MEBAA) has welcomed a host of senior industry figures to the organisation he founded in 2006.

Jet Aviation signs preferred handling agreement with Excellent Air

Jet Aviation has signed a preferred Fixed Base Operation (FBO) service agreement with Excellent Air, which operates Europe’s largest fleet of Cessna CJ2 aircraft as-well-as several Cessna XLS aircraft based in Germany.

Play it, SAMI

A huge new player has emerged in the aerospace defence world. Alan Warnes finds out more.

Satcom Direct names Evgeniy Pashkov regional director EEMEA

Satcom Direct, the business aviation solutions provider, has appointed Evgeniy Pashkov as regional director for EEMEA.

USD 1.8 trillion global investment needed for aviation infrastructure modernisation by 2030

The required modernisation of aviation infrastructure expansion, development, and modernisation to cater to anticipated increase in passenger and freight air traffic demand will reach USD 1.8 trillion by 2030.

Boeing SK0311018051218
See us at
AIME19BTA3005120219SaudiAirshowBT0711140319Aviation Africa BT0607280219MEBAA BT1004121218