The world’s passenger and cargo airlines will spend money on new aircraft at an average rate of just over $5,000 per second over the coming 20 years, according to Boeing Commercial Airplanes. Or, to put it another way, the U.S. manufacturer forecasts a $3.2 trillion market requirement involving some 29,000 commercial jetliners (including 710 new freighters) between 2009 and 2028.
Boeing analysts predict that all sectors of the market except that for single-aisle aircraft with more than 99 seats will require fewer aircraft in the forecast period than was the case 12 months ago. For what is thought to be the first time, at least in this decade, the company’s current market outlook (CMO), published last week, sees an overall year-on-year decline in perceived demand, while the 20-year market value remains unchanged from 2008. The reduced requirement–down from 29,400 last year to 29,000– takes account of global economic recession, unpredictable fuel prices and declining passenger and cargo traffic.
