Boeing forecasts 64% global airline fleet expansion by 2029
July 16, 2010
Following a gloomy year of falling air traffic demand and roiled financial markets, Boeing Co. raised its 20-year industry forecast for new commercial aircraft on Thursday to reflect the recovering global economy.
By 2029, the Chicago-based manufacturer predicted the global fleet would expand some 64% to 30,900 aircraft from 18,890 today, a $3.6 trillion opportunity for the builders of passenger and cargo jetliners.
That’s up from the past year’s industry forecast of 29,000 at $3.2 trillion when global air traffic was projected to fall 4% for the year.
Driving the growth will be new opportunities in the Asia-Pacific region, particularly for single-aisle jets, according to Randy Tinseth, vice president of marketing for Boeing Commercial Airplanes.
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