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Boeing bullish ahead of Farnborough

Last week, as the aviation world ramped up for the circus of Farnborough, Boeing confidently announced that global demand for new commercial aircraft was also ramping up.

In its annual forecast of what the market will look like over the next 20 years, the OEM predicted that airlines will take delivery of 36,770 new aircraft between now and 2033. 

That's 4.2 per cent more than it predicted last year when looking to 2032 and almost 10 per cent more than it predicted would be delivered between 2011 and 2030, in its report four years ago. 

Boeing's increasingly positive forecasts track the recovery of the global economy and the upturn in orders seen in recent years as confidence returns to the aviation sector - just think back to last year's Paris Air Show where Airbus and Boeing between them received close to 1,000 orders.

While it seems unlikely that a similar feat will be achieved at Farnborough this week, the orderbooks certainly won't be left blank.

We should, if Boeing's new figures are any indication, be looking out for news from Bombardier, Embraer and Mitsubishi. After holding its predictions for deliveries of new regional aircraft steady at 2,020 for the past two years, in its new report Boeing upped its estimate by more than 23 per cent. It now expects that 2,490 aircraft with up to 90 seats to be delivered to airlines over the next 20 years.

At the same time, Boeing's forecast for deliveries of large widebodies, those with 400+ seats, has fallen by more than 18 per cent on last year's predictions. After some record-breaking orders for its 777X last year, could it be that Boeing isn't anticipating any headline-grabbing orders this week? At the same time will Airbus add to its A380 orderbook at Farnborough, after winning just one order for 20 aircraft in Paris?

It will be interesting to see at the end of the week which of the aircraft makers has come out on top in the orderbook stakes. 

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