Boeing raises aircraft demand forecast; jitters resurface about China and falling lease rates

Boeing is now predicting that the world will need 41,030 new aircraft over the next 20 years valued at $6.1 trillion dollars – an increase of 3.6% over last year’s forecast. “Passenger traffic has been very strong so far this year, and we expect to see it grow 4.7 percent each year over the next two decades,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “The market is especially hungry for single-aisle airplanes as more people start traveling by air.” Boeing’s Current Market Outlook (www.boeing.com/cmo) predicts that the narrowbody market, fueled by low-cost carriers and emerging markets, with