Africa will need 900 new airliners by 2031, vice-president of sales at Boeing Commercial Airplanes, Van Rex Gallard, said on Monday.
He said he saw growth in four areas — northern Africa, East Africa, South Africa and West Africa.
Growth in East Africa was also booming, with major industry players coming from Ethiopia, Kenya and Rwanda.
Gallard said Ethiopia had committed itself to growing the aviation sector, and it viewed the industry as a tool to boost its economy.
"They have the full support of the government. Their goal is to have a very strong hub in that part of the world. The same could be said about Kenya."
South Africa has seen more than 10 airline companies go under in the past 21 years, the latest being 1Time, which was granted provisional liquidation earlier this month.
Other nations whose aviation industries were on the rise were Cameroon, Angola and Equatorial Guinea.
Africa had enjoyed growth of five percent over the past few years, and Boeing Commercial Airplanes forecast annual growth of 5.6% for the next 20 years.
Gallard said a total of 850 Boeing 787 Dreamliners had been sold since the aircraft was first launched. About 50 had been bought or leased by African carriers.
The growth of the aviation industry in Africa was the result of intra-continental trade, which was on the rise, Gallard said.
Kenyan varsity invested $3.6m on Rwanda campus without approval
MTN Launches Damarara Loyalty Promotion to reward customers
Tigo Rwanda launches the ‘Tigo Payment Solution for Agriculture’ to improve farmers’ lives
Call Rwanda offers 100 SMS and 20% SMS discount to clients opening accounts
DUTERIMBERE makes Rwf84 million in profits
|READ MORE ARTICLES ABOUT "Business"...|