Subscribe Free
in Business & Finance

Boeing raises forecast for new aircraft demand

Posted 22 June 2017 · Add Comment

Boeing has raised its forecast for new aircraft demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.

The company’s annual Current Market Outlook (CMO) was released at the Paris Air Show, with total airplane demand rising 3.6 percent 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.”

The single-aisle segment will see the most growth over the forecast, fuelled by low-cost carriers and emerging markets. 29,530 new airplanes will be needed in this segment, an increase of almost 5 percent over last year. 

The forecast for the widebody segment includes 9,130 airplanes, with a large wave of potential replacement demand beginning early in the next decade. With more airlines shifting to small and medium/large widebody airplanes like the 787 and 777X, the primary demand for very large airplanes going forward will be in the cargo market. Boeing projects the need for 920 new production widebody freighters over the forecast period.

The Asia market, including China, will continue to lead the way in total airplane deliveries over the next two decades. Worldwide, 57 percent of the new deliveries will be for airline growth, while 43 percent will be for replacement of older airplanes with new, more fuel efficient jets.

Boeing’s Current Market Outlook is the longest running jet forecast and regarded as the most comprehensive analysis of the aviation industry. The full report can be found at www.boeing.com/cmo.

Forward-Looking Information Is Subject to Risk and Uncertainty 

Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "projects," "plans," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict.

Many factors could cause actual events to differ materially from these forward-looking statements, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update or revise any such statement, except as required by law.

 

 

 



 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Danger of the deadly dust

The harsh climate and environment of the Middle East and North Africa imposes unique challenges for military aviators – and particularly for the operators of rotary wing and vertical lift aircraft. Jon Lake reports.

Etihad Airways launches hand baggage only trial

Etihad Airways is trialling a new hand baggage only 'Deal Fare' on two key routes this winter season, for bookings between 18 October to 18 December, allowing travellers to purchase lower fares in Economy Class if no checked baggage is

AJW Group expands in the Middle East market with new appointment

AJW Group has appointed Prashant Mohan as the new Regional VP Sales, Middle East.

Executive Gourmet hosts Gala Dinner for the Chaine des Rotisseurs

Executive gourmet by Gategourmet has hosted a Gala Dinner for the Chaine des Rotisseurs at Al Bateen Executive Airport – Abu Dhabi, a first and unusual event for an Airport.

Dans conducts visit to Rashid Center for the Determined Ones

Dubai Air Navigation Services (dans), the leading air navigation services provider for Dubai and the Northern Emirates celebrated the UAE Civil Aviation day through conducting a visit to Rashid Center for the Determined Ones.

Qatar Airways to add non-stop service to Penang

Qatar Airways will launch direct flights to Penang on 6 February 2018.

Aviation Africa SK18418
See us at
AIME BT1204240118Aviation Africa BT18418DAS BT1105161117Aviation Show 267291117DASAS BT3006161117DIAC BT1105121117AIMA Africa 2017Global Aerospace BT28218