The world’s airlines will need 39,620 new aircraft worth $5.9 trillion over the next 20 years, U.S. planemaker Boeing forecast on Monday, up 4.1 percent on its estimate last year. <\/p>\n
This will be driven largely by the growth of low-cost carriers and emerging markets, Boeing said on the first day of Britain’s Farnborough Airshow. <\/p>\n
The company said 28,140 new single-aisle airplanes such as its Boeing 737 and rival Airbus’ A320 will be delivered in the 20 years to 2035, up 5 percent from its forecast last year. <\/p>\n
Airlines will need 9,100 widebody planes such as Boeing’s 787 and 777 models, with the company saying a wave of replacement demand will come in the 2021-2028 time-frame. <\/p>\n
Large widebody planes like its four-engined 747-8 and Airbus’ A380 will account for only 530 deliveries, said Boeing. <\/p>\n
Analysts have predicted a slowdown in aircraft purchases after Boeing and Airbus booked a record numbers of orders over the last few years. <\/p>\n
Falling oil prices also mean airlines are likely to keep older less fuel-efficient planes in their fleets for longer than before, given the lower operating costs. <\/p>\n
Boeing, however, predicts passenger traffic will grow by 4.8 percent over the next two decades and that will help to double the global commercial aircraft fleets in that time. <\/p>\n
“Despite recent events that have impacted the financial markets, the aviation sector will continue to see long-term growth with the commercial fleet doubling in size,” said Randy Tinseth, vice president of marketing, Boeing Commercial Airplanes, in a statement. <\/p>\n
There will be 15,130 deliveries to Asia, the largest geographic segment, said Boeing. <\/p>\n
Low-cost carriers and full-service airlines have been adding planes and increasing services to cater for demand from a rising middle class in Asia eager for both leisure and business travel. <\/p>\n
North America will account for 8,330 new deliveries and Europe 7,570 new aircraft, said Boeing. <\/p>\n
Boeing also forecast demand for 930 new freighters and 1,440 converted freighters on the back of a projected 4.2 percent annual growth in cargo traffic.<\/p>\n","protected":false},"excerpt":{"rendered":"
The world’s airlines will need 39,620 new aircraft worth $5.9 trillion over the next 20 years, U.S. planemaker Boeing forecast on Monday, up 4.1 percent on its estimate last year. This will be driven largely by the growth of low-cost carriers and emerging markets, Boeing said on the first day of Britain’s Farnborough Airshow. The company said 28,140 new single-aisle airplanes such as its Boeing 737 and rival Airbus’ A320 will be delivered in the 20 years to 2035, up 5 percent from its forecast last year. Airlines will need 9,100 widebody planes such as Boeing’s 787 and 777 models, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-75655","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/75655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=75655"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/75655\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=75655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=75655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=75655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}