The Boeing Company (NYSE: BA) disclosed that it has received an order from Air Tanzania for a 787-8 Dreamliner, a 767-300 Freighter, and two 737 MAX jets at the 2021 Dubai Airshow. The order is estimated at more than $726 million at list prices. The airplanes will be managed by Air Tanzania to extend service from the country to new markets across Africa, Asia, and Europe.
Boeing believed that Africa is the third fastest-growing region around the world for air travel, and Air Tanzania has gained enough recognition to increase connectivity and broaden tourism throughout Tanzania. Boeing is delighted that Air Tanzania has opted for Boeing for its fleet transformation program by adding 787 and launching the 737 MAX and the 767 Freighter into its growing network.
Furthermore, the 2021 Commercial Market Outlook of Boeing predicts that, by 2040, Africa's airlines will need 1,030 new airplanes estimated at $160 billion and aftermarket services such as manufacturing and repair worth $235 billion, backing growth in air travel and economies across the continent.
Air Tanzania disclosed that its flagship 787 Dreamliner is famous with its passengers. It is offering unmatched in-flight comfort and ultra-efficiency for our long-haul growth. Adding to its 787 fleets, the launch of the 737 MAX and 767 Freighter will provide Air Tanzania exceptional capability and flexibility to fulfill passenger and cargo demand within Africa and beyond.
Moreover, the legacy of Boeing in Africa started more than 75 years ago, with more than 60 airline customers operational as many as 500 Boeing airplanes. Boeing has an office in Johannesburg, South Africa, alongside field service representatives providing support to commercial customers across the continent.