Boeing Forecasts Demand for 39,620 New Airplanes Valued at $5.9 Trillion

Boeing projects a demand for 39,620 new airplanes over the next 20 years, an increase of 4.1 percent over last year’s forecast. Boeing released its annual Current Market Outlook (CMO) on the first day of the 2016 Farnborough International Airshow, estimating the total value of those new airplanes at $5.9 trillion. “Despite recent events that have impacted the financial markets, the aviation sector will continue to see long-term growth with the commercial fleet doubling in size,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “We expect to see passenger traffic grow 4.8 percent a year over the next