Boeing Forecasts Demand for 36,770 New Airplanes Valued at $5.2 Trillion - KMPH FOX 26 | Central San Joaquin Valley News Source

Boeing Forecasts Demand for 36,770 New Airplanes Valued at $5.2 Trillion

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SOURCE Boeing

20-year Current Market Outlook reflects 4.2 percent increase in demand

Single-aisle airplane segment is fastest growing, most dynamic

LONDON, July 10, 2014 /PRNewswire/ -- Boeing [NYSE: BA] projects a demand for 36,770 new airplanes over the next 20 years, an increase of 4.2 percent from last year's forecast. The company released its annual Current Market Outlook (CMO) today in London, estimating the total value of those new airplanes at $5.2 trillion.

"This market is strong and resilient," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "With new and more efficient airplanes entering service, the growth in air travel is being driven by customers who want to fly where they want, when they want."

Fueling this year's forecast is the single-aisle market, which is projected to be the fastest growing and most dynamic segment due to the continued emergence of low-cost carriers. 25,680 new airplanes will be needed in this segment, making up 70 percent of the total units in the forecast.

"Based on the overwhelming amount of orders and deliveries, we see the heart of the single-aisle market in the 160-seat range," said Tinseth. "There's no question the market is converging to this size, where network flexibility and cost efficiency meet. The Next-Generation 737-800 and new 737 MAX 8 offer our customers the most revenue potential in this mid-sized space."

Boeing forecasts that 8,600 new airplanes will be needed in the twin-aisle segment, led by small widebody airplanes in the 200 to 300 seat range such as the 787-8 and 787-9 Dreamliner. This year's forecast reflects a continued shift in demand from very large airplanes to efficient new twin-engine products such as the 787-10 and new 777X.

"With the most comprehensive widebody lineup in the industry, we're confident that we will meet our customers' needs now and in the future," Tinseth added.

New Airplane Deliveries: 2014-2033

Airplane type

Seats

Total deliveries

Dollar value

Regional jets

90 and below

2,490

$100 billion

Single-aisle

90 – 230

25,680

$2,560 billion

Small widebody

200 – 300

4,520

$1,140 billion

Medium widebody

300 – 400

3,460

$1,160 billion

Large widebody

400 and above

620

$240 billion

Total

---------

36,770

$5.2 trillion

The Asia-Pacific market, including China, will continue to lead the way in total airplane deliveries over the next two decades.  

New Airplane Deliveries: 2014-2033

Region

Airplane deliveries

Asia-Pacific

13,460

North America

7,550

Europe

7,450

Middle East

2,950

Latin America

2,950

Russia/C.I.S.

1,330

Africa

1,080

Total

36,770

Boeing's Current Market Outlook is the longest running jet forecast and regarded as the most comprehensive analysis of the aviation industry. The full report can be found at www.boeing.com/cmo.

Forward-Looking Information Is Subject to Risk and Uncertainty

Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "projects," "plans," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict.

Many factors could cause actual events to differ materially from these forward-looking statements, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update or revise any such statement, except as required by law.

Contact:
Doug Alder
Boeing Commercial Airplanes Communications
+1 206 660 2978
doug.alder-jr@boeing.com

©2012 PR Newswire. All Rights Reserved.

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