Boeing Predicts New Aircraft Demand to Total $5.6 Trillion (American Machinist)
By 2034, Boeing noted, the world’s commercial airplane fleet will have doubled
News By : Kate Nixon
Boeing Commercial Airplanes issued a new 20-year forecast for global aircraft demand, projecting a need for 38,050 new jets through 2034, 3.5% more than it detected in a comparable report issued in 2014. It projected the total value for those aircraft would be $5.6 trillion over the term, which is 7.7% more than the $5.2 trillion it pegged to last year’s demand forecast.
In particular, air passenger traffic will continue growing at about 4.9% annually (near on track with the historic trend of 5%), as over 7 billion passengers will fly over the course of the 20-year forecast period.