Boeing predicts US$8.7 trillion aviation market

Business | 17 Jun 2019 11:56 am

Boeing Chief Executive Dennis Muilenburg said in Paris  that Boeing was raising its long-term forecast for global plane demand, notably amid sustained growth in Asia.

Boeing expects the world’s airlines will need 44,000 planes within 20 years, up from a previous forecast of 43,000 planes.

Muilenburg projected that within 10 years, the overall aviation market — including passenger jets, cargo and warplanes — would be worth US$8.7 trillion, compared to earlier forecasts of US$8.1 trillion.

Both estimates are higher than the ones from Airbus, which sees slower growth ahead.-AP

 

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