Boeing raises outlook for global airplane demand

Boeing says its global demand for new airplanes is stronger than it previously thought after it released its global long-term industry outlook, The planemaker raised its global forecast for the commercial aircraft industry over the next two decades. Boeing said the airline industry will need 44,040 new commercial airplanes worth $6.8 trillion by 2038, up 3% from $6.49 trillion estimated last year. The biggest demand, Boeing says, will be in single-aisle jets, where the company estimates airlines will need to make 32,420 narrow-body planes by 2038. The outlook values the aerospace and defense market at $8.7 trillion over the next