Boeing Ups Demand Forecast By 4.2%

Boeing has increased its 20-year forecasted demand for new aircraft by 4.2 per cent, meaning it now expects airlines to order 36,770 aircraft by 2034. In its latest annual market outlook, published yesterday (July 10), Boeing estimates that airlines will collectively spend $5.2tn on new aircraft over the next 20 years. The single-aisle market will fuel demand accounting for 70 per cent of total orders. “Based on the overwhelming amount of orders and deliveries, we see the heart of the single-aisle market in the 160-seat range,” said Randy Tinseth, Boeing VP of marketing. “There's no question that the market is converging to this size, where network flexibility and cost efficiency meet.” Boeing also predicts demand for 8,600 new twin-aisle aircraft, led by small widebodies in the 200–300 seat range, such as the 787-8 and 787-9 Dreamliner. “This year’s forecast reflects a continued shift in demand from very large airplanes to efficient new twin-engine products such as the 787-10 and new 777X,” the company

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