US aircraft manufacturer boeing expects global demand for air travel to increase by more than 40 per cent by 2030, according to its 20-year demand forecast for commercial airliners released recently ahead of the Paris Airshow.
The company expects demand for 43,600 new airliners through 2044. That is essentially the same as last year's edition, which projected demand for 43,975 new deliveries through 2043.
European rival Airbus last week revised up its own 20-year commercial demand forecast by 2 per cent to 43,420 jets, saying the air transport industry was expected to ride out current trade tensions.
Boeing's delivery projection includes nearly 33,300 single-aisle airliners, just over 7,800 widebody jets, 955 factory-built freighters and 1,545 regional jets. Single-aisle jets include the 737 MAX and competitor Airbus's A320neo family and make up roughly four of every five deliveries now.
While Boeing's deliveries projection is roughly the same, it pared down its 20-year forecast for passenger traffic growth from 4.7 per cent in last year's outlook to 4.2 per cent this year.
Likewise, it lowered its global economic growth forecast from 2.6 per cent to 2.3 per cent, cargo traffic growth from 4.1 per cent to 3.7 per cent and fleet growth from 3.2 per cent to 3.1 per cent.
Despite the lower projection for cargo traffic, Boeing vice president of commercial marketing, Darren Hulst, told reporters in a briefing that trade volatility is not expected to significantly shift long-term demand.
Both Airbus and Boeing have struggled to return aircraft production to pre-pandemic levels.
Boeing has been dealing with production safety concerns following a 2024 mid-air blowout of a panel on a nearly new Alaska Airlines 737 MAX. As a result, the US Federal Aviation Administration capped 737 productions at 38 airplanes a month.
Boeing has significantly improved production quality in recent months, but the crash of an Air India Boeing 787-8 Dreamliner last week put it back in crisis mode.
CEO Kelly Ortberg cancelled his plans to attend the Paris Airshow in order to assist with the crash investigation, according to Reuters.
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The company expects demand for 43,600 new airliners through 2044. That is essentially the same as last year's edition, which projected demand for 43,975 new deliveries through 2043.
European rival Airbus last week revised up its own 20-year commercial demand forecast by 2 per cent to 43,420 jets, saying the air transport industry was expected to ride out current trade tensions.
Boeing's delivery projection includes nearly 33,300 single-aisle airliners, just over 7,800 widebody jets, 955 factory-built freighters and 1,545 regional jets. Single-aisle jets include the 737 MAX and competitor Airbus's A320neo family and make up roughly four of every five deliveries now.
While Boeing's deliveries projection is roughly the same, it pared down its 20-year forecast for passenger traffic growth from 4.7 per cent in last year's outlook to 4.2 per cent this year.
Likewise, it lowered its global economic growth forecast from 2.6 per cent to 2.3 per cent, cargo traffic growth from 4.1 per cent to 3.7 per cent and fleet growth from 3.2 per cent to 3.1 per cent.
Despite the lower projection for cargo traffic, Boeing vice president of commercial marketing, Darren Hulst, told reporters in a briefing that trade volatility is not expected to significantly shift long-term demand.
Both Airbus and Boeing have struggled to return aircraft production to pre-pandemic levels.
Boeing has been dealing with production safety concerns following a 2024 mid-air blowout of a panel on a nearly new Alaska Airlines 737 MAX. As a result, the US Federal Aviation Administration capped 737 productions at 38 airplanes a month.
Boeing has significantly improved production quality in recent months, but the crash of an Air India Boeing 787-8 Dreamliner last week put it back in crisis mode.
CEO Kelly Ortberg cancelled his plans to attend the Paris Airshow in order to assist with the crash investigation, according to Reuters.
SeaNews Turkey
