By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Nigerian Aviation Industry Requires 160 Additional Aircrafts By 2042
Share
Sign In
Notification Show More
Latest News
FG Settles Federal Government, Bi-Courtney’s Decades-Long Concession Bottlenecks
Aviation Business Infrastructure News Politics
YOUR WELFARE, SAFETY AND SECURITY, OUR PRIORITY: DG NYSC TO CORPS MEMBERS
Civil Service Education Labour Metro News
Group to Baba-Ahmed: President Tinubu is sensitive to the plight of Nigerians
Business Economy News Politics
Tinubu reforms pushing local manufacturers to higher revenue levels -IMPI
Business Economy News
Group celebrates Sen. Orji Uzor Kalu @ 66
Metro News Politics
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Aviation > Nigerian Aviation Industry Requires 160 Additional Aircrafts By 2042
AviationNews

Nigerian Aviation Industry Requires 160 Additional Aircrafts By 2042

Publisher
By Publisher Published September 13, 2023
Share
3 Min Read
SHARE

 

Airbus says Nigeria Aviation industry will require nearly 160 passenger and freight aircraft by 2042.

Airbus disclosed this in its 2023 Global Market Forecast (GMF) report.

- Advertisement -
Ad image

The Airline Marketing Director, Africa, Joel Ellers, disclosed this while addressing a press conference on Tuesday in Abuja ahead of the  7th Aviation Africa Summit and Exhibition opening at the International Conference Centre, Abuja.

Ellers noted that amongst the aircraft
included; 131 single-aisle aircraft such as the A220, A320 families, and 28 widebody aircraft such as the A330 and A350 families serving the Nigerian market in the next two decades.

He explained that in the wider African continent, 1180 new aircraft would be needed for the continent by 2042, made up of 295 widebody and 885 single-aisle aircraft.

Ellers added that during this period, the fleet in the region would transition to new generation types such as the A220, A320neo family, A330neo and A350 bringing significant efficiency improvement and a corresponding reduction in carbon emissions per passenger.

He said, “Over the past 10 years, significant improvements to the industry have been made across the continent, including the creation of the Single African Air Transport Market (SAATM) as well as the modernisation of fleets by national airlines.”

Ellers further maintained that Aviation plays a pivotal role in driving economic development across the African continent creating jobs, facilitating domestic, intra-African and global trade and regional integration.

Its significance, he said, is particularly profound in the case of Nigeria.

According to him, Africa’s most populous country, marked by substantial landmass, a vibrant, dynamic and ever expanding economy. The aviation industry in Nigeria possesses the potential to emerge as the connective tissue that binds together its diverse regions and fuels economic progress.

Ellers added that Airbus also predicts that the aviation sector growth on the continent would drive average yearly services demand up by 4.1%, from $2 billion to $7 billion.

His words: “Growing Maintenance Repair and Overhaul (MRO) services at both local and regional level are central to the sector’s growth, safety and longevity.

“The expansion of MRO capabilities in the country could serve to bring in additional revenues, reduce aircraft maintenance costs and provide even further opportunities for job creation and skills development in Nigeria and the continent at large.

“As Nigeria and indeed Africa’s aerospace industry grows and becomes more dynamic, an increasing demand for specialised skills is creating thousands of new opportunities for young people on the continent. Already, an estimated 7.7 million direct and indirect jobs have been created by the industry in Africa.”

Airbus, however, predicted that a further 17 000 technicians, 14 000 pilots and 23 000 cabin crew positions would be required across Africa in the next 20 years.

Like this:

Like Loading...

Related

You Might Also Like

FG Settles Federal Government, Bi-Courtney’s Decades-Long Concession Bottlenecks

YOUR WELFARE, SAFETY AND SECURITY, OUR PRIORITY: DG NYSC TO CORPS MEMBERS

Group to Baba-Ahmed: President Tinubu is sensitive to the plight of Nigerians

Tinubu reforms pushing local manufacturers to higher revenue levels -IMPI

Group celebrates Sen. Orji Uzor Kalu @ 66

TAGGED: Aircraft, Aviation, Federal Government of Nigeria, NCAA

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher September 13, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article 42 Firms Emerge Successful Bidders For Nigerian Gas Flare Commercialisation Programme -NUPRC
Next Article BOI Assets Hits N3.3Trillion In Half Year 2023
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow
- Advertisement -
Ad image

– Member of –

Latest News

FG Settles Federal Government, Bi-Courtney’s Decades-Long Concession Bottlenecks
Aviation Business Infrastructure News Politics May 1, 2026
YOUR WELFARE, SAFETY AND SECURITY, OUR PRIORITY: DG NYSC TO CORPS MEMBERS
Civil Service Education Labour Metro News May 1, 2026
Group to Baba-Ahmed: President Tinubu is sensitive to the plight of Nigerians
Business Economy News Politics May 1, 2026
Tinubu reforms pushing local manufacturers to higher revenue levels -IMPI
Business Economy News May 1, 2026

You Might also Like

AviationBusinessInfrastructureNewsPolitics

FG Settles Federal Government, Bi-Courtney’s Decades-Long Concession Bottlenecks

May 1, 2026
Civil ServiceEducationLabourMetroNews

YOUR WELFARE, SAFETY AND SECURITY, OUR PRIORITY: DG NYSC TO CORPS MEMBERS

May 1, 2026
BusinessEconomyNewsPolitics

Group to Baba-Ahmed: President Tinubu is sensitive to the plight of Nigerians

May 1, 2026
BusinessEconomyNews

Tinubu reforms pushing local manufacturers to higher revenue levels -IMPI

May 1, 2026
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d