The American aircraft manufacturer Boeing lowered its demand forecast for the global aircraft industry over the next 20 years, but said it expects deliveries to be stable, excluding the Russian market.
Boeing projects that airlines worldwide will need 41,170 new planes over 20 years, with half of the deliveries representing fleet replacement. Single-aisle aircraft are expected to account for about 75% of projected aircraft demand.
Boeing’s new market outlook, released this Sunday ahead of the Farnborough Airshow, was below the previous forecast of 43,610 deliveries in 20 years.
The new estimate excludes the Russian market, which is projected to be 1,540 planes, due to the war in Ukraine and uncertainty about when manufacturers will be able to resume selling planes to Russian airlines.
Boeing slightly raised its demand forecast over the next 10 years to 19,575 aircraft deliveries – a higher estimate even excluding the Russian market.
Boeing still projects that the global airline fleet will nearly double by 2041 as it still sees worldwide aviation demand recover from Covid-19 in early 2024.
For the next 20 years, Boeing said “the long-term fundamentals remain intact.”
“Our mid-term recovery view – when the industry returns to 2019 global air traffic levels – remains largely unchanged” since 2020, Darren Hulst, Boeing vice president of commercial marketing, told reporters.
“Overall, we still see late 2023, early 2024 as the time when the industry fully recovers, or at least the pre-pandemic level of traffic.”
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
