Boeing issues 20-year market forecast

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By admin July 10, 2014 14:41

Boeing issues 20-year market forecast

Boeing has released its annual Current Market Outlook, which predicts a demand for 36,770 new aircraft over the next 20 years, which represents an increase of 4.2% from last year’s forecast, and a total value of $5.2 trillion.

Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes, said: “This market is strong and resilient. With new and more efficient airplanes entering service, the growth in air travel is being driven by customers who want to fly where they want, when they want.”

Fuelling this year’s forecast is the single-aisle market, which is projected to be the fastest growing and most dynamic sector due to the continued emergence of low-cost carriers. Boeing predicts 25,680 new airplanes will be needed in this sector, making up 70% of the total units in the forecast.

Boeing also forecasts that 8,600 new aircraft will be needed in the twin-aisle segment, led by small wide-body aircraft in the 200-to-300 seat range such as the 787-8 and 787-9. The forecast reflects a continued shift in demand from very large airplanes to efficient new twin-engine products such as the 787-10 and new 777X.

admin
By admin July 10, 2014 14:41
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