TravelNewsAsia.com
Tue, 12 July 2016

Boeing Forecasts Demand for 39,620 New Airplanes

Boeing projects a demand for 39,620 new airplanes over the next 20 years, an increase of 4.1% over last year's forecast.

Boeing released its annual Current Market Outlook (CMO) on the first day of the 2016 Farnborough International Airshow, estimating the total value of those new airplanes at $5.9 trillion.

"Despite recent events that have impacted the financial markets, the aviation sector will continue to see long-term growth with the commercial fleet doubling in size," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "We expect to see passenger traffic grow 4.8% a year over the next two decades."

Boeing says it expects the single-aisle market will be especially strong, with low-cost carriers and emerging markets driving growth.

28,140 new airplanes will be needed in this segment, an increase of more than 5% over last year.

On the widebody side, 9,100 airplanes are in the forecast, with a large wave of potential replacement demand in the 2021- 2028 time frame. 

With cargo traffic forecasted to grow at 4.2% per year, Boeing predicts the need for 930 new freighters and 1,440 converted freighters.

Other news from FIA 2016: Farnborough Int. Airshow 2016 Defies Industry Expectations, Vietnam's Jetstar Pacific Airlines Signs MOU for 10 Airbus A320ceo Aircraft, AirAsia Orders 200 CFM LEAP-1A Engines, Leonardo to Supply Canada with Nationwide Weather Radar System, B/E Aerospace to Supply Gulf Air's B787-9 Business Class Seats, Air Canada Signs Pratt & Whitney PurePower Engine Services Agreement, Air Europa Orders 20 Boeing 737 MAX 8s, Airbus and Rolls-Royce Create Integrated Parts Availability Service for CX, FAA Expands Restricted Air Space Over Stennis Space Center, Qatar Airways Signs Contribution and Shareholders Agreement with Alisarda, Leonardo and BAE Systems to Support Avionics of RAF's Typhoon Fleet, EgyptAir Orders Nine Boeing 737-800s, AirAsia Orders 100 Airbus A321neo Aircraft, PPG to Launch Non-Stick Aircraft Coating Which Eliminates Ice Build-Up, Bravo Orders 10 LM-100J Super Hercules Commercial Freighter Aircraft, Bristow Signs 10-Year Support Agreement for Sikorsky S-92 Helicopters, Indianapolis to Host AIA's Supplier Management Council Conference, Sukhoi Civil Aircraft to Open Beijing Office, ALA (Advanced Logistics for Aerospace) Acquires STAG Group, Virgin Atlantic Orders 12 Airbus A350-1000 Aircraft, Rockton Signs LOI for 10 MRJ90 Aircraft, Sikorsky S-76D VIP Helicopter Receives Expanded EASA Validation, Boeing Forecasts Demand for 39,620 New Airplanes, Qatar Airways Orders Three More Gulfstream G650ERs, GKN Aerospace Signs B737 Windows Contract with Spirit Aerosystems, Boeing Signs Data Analytics Agreements with Six Airlines, Andrew Stevens Joins Board of Pattonair as Non-Executive Director, First British ESA Astronaut to Visit Space to Attend Farnborough Int. Airshow, Farnborough Int. Airshow 2016 Attracts Over 360 Exhibitors from U.S., GIFAS to Host 45+ French Companies at Farnborough Int. Airshow 2016, Airbus to Showcase Wide Range of Technologies at Farnborough Airshow, Aerospace Lancashire to Have Largest Ever Presence at FIA 2016, Elbit Systems to Launch New Products at Farnborough Airshow, ATR to Showcase 72-600 and New Technology at Farnborough Airshow, Inzpire and Black Kite to Launch TFD Simulator at FIA 2016, Qatar Executive to Showcase Two Aircraft at Farnborough Int. Airshow 2016, Farnborough Airshow 2016 Attracts More International ParticipationOver 20 Nations to Host Pavilions at Farnborough International Airshow 2016, F-35 Joint Strike Fighters to Participate in Flying Display at Farnborough Int. Airshow and Emma Carter Joins Farnborough International as Commercial Project Manager. Much more news, HD videos, high res photography and exclusive interviews from Farnborough Airshow 2016 will be uploaded once they are ready.

HD videos from other select airshows: HD Videos from the Singapore Airshow 2010, HD Videos from Asian Aerospace 2011, HD Videos from Singapore Airshow 2012, HD Videos from Farnborough 2012, HD Videos from Singapore Airshow 2014.

See other recent news regarding: Boeing, Outlook, Forecast

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2024 TravelNewsAsia.com