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

Private - at a price

Private aircraft ownership comes with its own set of considerations, all focused on maintaining airworthiness through planned and unplanned events. Chuck Grieve spoke to leading Middle East maintenance, repair and overhaul (MRO)

Middle East and North Africa business aviation association attracts new board members

Ali Alnaqbi, founding & executive chairman of the Middle East and North Africa Business Aviation Association (MEBAA) has welcomed a host of senior industry figures to the organisation he founded in 2006.

Jet Aviation signs preferred handling agreement with Excellent Air

Jet Aviation has signed a preferred Fixed Base Operation (FBO) service agreement with Excellent Air, which operates Europe’s largest fleet of Cessna CJ2 aircraft as-well-as several Cessna XLS aircraft based in Germany.

Play it, SAMI

A huge new player has emerged in the aerospace defence world. Alan Warnes finds out more.

Satcom Direct names Evgeniy Pashkov regional director EEMEA

Satcom Direct, the business aviation solutions provider, has appointed Evgeniy Pashkov as regional director for EEMEA.

USD 1.8 trillion global investment needed for aviation infrastructure modernisation by 2030

The required modernisation of aviation infrastructure expansion, development, and modernisation to cater to anticipated increase in passenger and freight air traffic demand will reach USD 1.8 trillion by 2030.

TAA SK0902311218
See us at
MEBAA BT1004121218AIME19BTA3005120219Aviation Africa BT0607280219SaudiAirshowBT0711140319