Boeing Forecasts Sharp Rebound in Commercial Airplane Demand
Boeing’s 2010 Current Market Outlook, released today in London, projects a $3.6 trillion market for new commercial airplanes over the next 20 years, as wor

Boeing’s 2010 Current Market Outlook, released today in London, projects a $3.6 trillion market for new commercial airplanes over the next 20 years, as world economies rebound and strong demand for new and replacement aircraft spurs growth. Boeing forecasts a market for 30,900 new commercial passenger and freighter airplanes by 2029.

“The world market is doing much better than last year, but there are still challenges,” said Randy Tinseth, Boeing Commercial Airplanes vice president of marketing. “Looking at 2010, we see a world economy that continues to recover. We expect the world economy to grow above the long-term trend this year. As a result, both passenger and cargo travel will grow this year. Airline revenue and yields are up, but fuel prices remain volatile.”