Subscribe Free
in Business & Finance

PARIS AIRSHOW: Boeing raises forecast for new Aircraft demand

Posted 20 June 2017 · Add Comment

Boeing has raised its forecast for new airplane 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 today 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, fueled 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.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Emirates and Qantas to renew their vows

Emirates and Qantas are hoping to continue their special relationship and have applied to the the Australian Competition and Consumer Commission (ACCC) to renew their alliance.

EAG launches second Fikra University project

Etihad Aviation Group (EAG) has launched its Fikra University project for 2017. Fikra University is a competition which aims to foster entrepreneurship and innovation with students across the UAE.

Inzpire delivers cyber, UAS and ISR training to Royal Jordanian Air Force's new ISR wing

Inzpire's training experts have recently delivered tailored Cyber, Intelligence, Unmanned Air Systems (UAS) and Intelligence, Surveillance and Reconnaissance (ISR) training courses to a cohort of Royal Jordanian Air Force (RJAF)

AJW Group announces Tom De Geytere as chief sales officer

AJW Group has announced the promotion of Tom De Geytere to Chief Sales Officer to support its fast-growing business.

Flitetec launching new products at Dubai Airshow

UK-based aircraft interiors company, Flitetec, is set for the global launch of new products when it attends its first Dubai Airshow next month (12 to 16 November).

Rolls-Royce Trent 7000 powers Airbus A330neo first flight test

The Rolls-Royce Trent 7000, the latest member of the Trent family of engines, has successfully powered the new Airbus A330neo into the skies for its first test flight today.

Kuwait Aviation SK1909310118
See us at
AIMA Africa 2017AIME BT1204240118DASAS BT3006161117DAS BT1105161117Global Aerospace BT28218DIAC BT1105121117Aviation Africa BT18418Aviation Show 267291117