Boeing forecasts demand for more than 35,000 new airplanes

  Boeing projects a demand for more than 35,000 new airplanes over the next 20 years, valued at $4.8 trillion. The company latest annual Current Market Outlook (CMO) forecasts the world fleet to double over the next two decades. Both passenger traffic and cargo traffic are expected to grow 5% annually. “This forecast gives us confidence as we increase our production rates and invest in new products like the 777X and 787-10X,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “Airlines are demanding more efficiency and that is exactly what we’ll be giving them.” The single-aisle market, served