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Boeing expects 42,730 new aircraft deliveries over next 20 years

written by australianaviation.com.au | July 18, 2018
A supplied image of Boeing 737 MAX 7, 8 and 9 artwork. (Boeing)
A supplied image of Boeing 737 MAX 7, 8 and 9 artwork. (Boeing)

Boeing has revised upwards its market forecast for aircraft deliveries over the next 20 years amid growing passenger demand and a looming retirement wave of older aircraft.

The Boeing Commercial Market Outlook (CMO) for 2018-2037 said 42,730 aircraft would be delivered over the next two decades, with 56 per cent (24,140) to be used for growth and the remainder as replacement of older airframes. The forecast represented US$6.3 trillion worth of aircraft at list prices.

The outlook was presented at the Farnborough Airshow on Tuesday (United Kingdom time).

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It is an increase of 4.1 per cent from 41,030 new aircraft deliveries predicted in the 2017-2036 CMO, then known as the Current Market Outlook, published a year ago.

A summary of the Boeing Current Market Outlook for 2018-2037. (Boeing)
A summary of the Boeing Current Market Outlook for 2018-2037. (Boeing)

Boeing vice president of commercial marketing Randy Tinseth said passenger traffic was expected to grow at an average of 4.7 per cent a year for the next 20 years.

“For the first time in years, we are seeing economies growing in every region of the world,” Tinseth said in a statement.

“This synchronized growth is providing more stimulus for global air travel. We are seeing strong traffic trends not only in the emerging markets of China and India, but also the mature markets of Europe and North America.”

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There improved outlook for commercial aircraft orders was underpinned by was an upward revision for the single-aisle segment, with 31,360 new aircraft expected to be delivered over the next 20 years, up 6.2 per cent from 29,530 in the 2017-2036 CMO.

The expected number of new freighters to be ordered was raised to 980 aircraft, compared with 920 the prior year. Boeing also forecast operators would buy 1,670 converted freighters over the next two decades.

By contrast, Boeing lowered its outlook for regional jets from 2,370 to 2,320 aircraft, while its estimates for widebodies was 8,070, compared with 8,210 in the 2017-2036 CMO.

Some of the market characteristics as forecast in the Boeing CMO. (Boeing)
Some of the market characteristics as forecast in the Boeing CMO. (Boeing)

Retirement wave coming

The global aviation fleet was expected to grow to 48,540 aircraft by 2037, with just 5,810 of the 24,400 aircraft currently in service to still be flying in 20 years time.

Single aisle aircraft was expected to comprise 69 per cent of the global fleet 20 years from now, with widebodies at 19 per cent and freighters at seven per cent. Regional jets’ share of the total fleet was expected to halve to five per cent.

Figures from Boeing showed there were currently more than 900 aircraft more than 25 years old.

And by the mid-2020s there would be more than 500 aircraft a year that will reach 25 years of age, which is double the current rate.

That would fuel the retirement wave.

“Along with continued traffic expansion, the data show a big retirement wave approaching as older airplanes age out of the global fleet,” Tinseth said.

Qantas plans to retire all its Boeing 747-400s by the end of 2020. (Rob Finlayson)
Qantas plans to retire all its Boeing 747-400s by the end of 2020. (Rob Finlayson)

Asia Pacific to represent biggest source of orders

Airlines in Asia Pacific represented about 40 per cent of expected new deliveries over the coming 20 years, with 16,930 new aircraft tipped to enter service in that period. The forecast for Asia Pacific was up from 16,050 new deliveries in the 2017-2036 CMO.

The region is expected to be the biggest travel market in the world and tipped to represent about 40 per cent of global passenger traffic by 2036, the CMO said.


VIDEO: A summary of Boeing’s Commercial Market Outlook (CMO) from Boeing’s YouTube channel.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Boeing expects 42,730 new aircraft deliveries over next 20 years Comment

  • Vish

    says:

    Imagine the need of pilots for all these new single engine asiles !! jeeezz

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Boeing expects 42,730 new aircraft deliveries over next 20 years

written by australianaviation.com.au | July 18, 2018
A supplied image of Boeing 737 MAX 7, 8 and 9 artwork. (Boeing)
A supplied image of Boeing 737 MAX 7, 8 and 9 artwork. (Boeing)

Boeing has revised upwards its market forecast for aircraft deliveries over the next 20 years amid growing passenger demand and a looming retirement wave of older aircraft.

The Boeing Commercial Market Outlook (CMO) for 2018-2037 said 42,730 aircraft would be delivered over the next two decades, with 56 per cent (24,140) to be used for growth and the remainder as replacement of older airframes. The forecast represented US$6.3 trillion worth of aircraft at list prices.

The outlook was presented at the Farnborough Airshow on Tuesday (United Kingdom time).

Advertisement
Advertisement

It is an increase of 4.1 per cent from 41,030 new aircraft deliveries predicted in the 2017-2036 CMO, then known as the Current Market Outlook, published a year ago.

A summary of the Boeing Current Market Outlook for 2018-2037. (Boeing)
A summary of the Boeing Current Market Outlook for 2018-2037. (Boeing)

Boeing vice president of commercial marketing Randy Tinseth said passenger traffic was expected to grow at an average of 4.7 per cent a year for the next 20 years.

“For the first time in years, we are seeing economies growing in every region of the world,” Tinseth said in a statement.

“This synchronized growth is providing more stimulus for global air travel. We are seeing strong traffic trends not only in the emerging markets of China and India, but also the mature markets of Europe and North America.”

PROMOTED CONTENT

There improved outlook for commercial aircraft orders was underpinned by was an upward revision for the single-aisle segment, with 31,360 new aircraft expected to be delivered over the next 20 years, up 6.2 per cent from 29,530 in the 2017-2036 CMO.

The expected number of new freighters to be ordered was raised to 980 aircraft, compared with 920 the prior year. Boeing also forecast operators would buy 1,670 converted freighters over the next two decades.

By contrast, Boeing lowered its outlook for regional jets from 2,370 to 2,320 aircraft, while its estimates for widebodies was 8,070, compared with 8,210 in the 2017-2036 CMO.

Some of the market characteristics as forecast in the Boeing CMO. (Boeing)
Some of the market characteristics as forecast in the Boeing CMO. (Boeing)

Retirement wave coming

The global aviation fleet was expected to grow to 48,540 aircraft by 2037, with just 5,810 of the 24,400 aircraft currently in service to still be flying in 20 years time.

Single aisle aircraft was expected to comprise 69 per cent of the global fleet 20 years from now, with widebodies at 19 per cent and freighters at seven per cent. Regional jets’ share of the total fleet was expected to halve to five per cent.

Figures from Boeing showed there were currently more than 900 aircraft more than 25 years old.

And by the mid-2020s there would be more than 500 aircraft a year that will reach 25 years of age, which is double the current rate.

That would fuel the retirement wave.

“Along with continued traffic expansion, the data show a big retirement wave approaching as older airplanes age out of the global fleet,” Tinseth said.

Qantas plans to retire all its Boeing 747-400s by the end of 2020. (Rob Finlayson)
Qantas plans to retire all its Boeing 747-400s by the end of 2020. (Rob Finlayson)

Asia Pacific to represent biggest source of orders

Airlines in Asia Pacific represented about 40 per cent of expected new deliveries over the coming 20 years, with 16,930 new aircraft tipped to enter service in that period. The forecast for Asia Pacific was up from 16,050 new deliveries in the 2017-2036 CMO.

The region is expected to be the biggest travel market in the world and tipped to represent about 40 per cent of global passenger traffic by 2036, the CMO said.


VIDEO: A summary of Boeing’s Commercial Market Outlook (CMO) from Boeing’s YouTube channel.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Boeing expects 42,730 new aircraft deliveries over next 20 years Comment

  • Vish

    says:

    Imagine the need of pilots for all these new single engine asiles !! jeeezz

Leave a Comment

Your email address will not be published. Required fields are marked *

Boeing expects 42,730 new aircraft deliveries over next 20 years

written by australianaviation.com.au | July 18, 2018
A supplied image of Boeing 737 MAX 7, 8 and 9 artwork. (Boeing)
A supplied image of Boeing 737 MAX 7, 8 and 9 artwork. (Boeing)

Boeing has revised upwards its market forecast for aircraft deliveries over the next 20 years amid growing passenger demand and a looming retirement wave of older aircraft.

The Boeing Commercial Market Outlook (CMO) for 2018-2037 said 42,730 aircraft would be delivered over the next two decades, with 56 per cent (24,140) to be used for growth and the remainder as replacement of older airframes. The forecast represented US$6.3 trillion worth of aircraft at list prices.

The outlook was presented at the Farnborough Airshow on Tuesday (United Kingdom time).

Advertisement
Advertisement

It is an increase of 4.1 per cent from 41,030 new aircraft deliveries predicted in the 2017-2036 CMO, then known as the Current Market Outlook, published a year ago.

A summary of the Boeing Current Market Outlook for 2018-2037. (Boeing)
A summary of the Boeing Current Market Outlook for 2018-2037. (Boeing)

Boeing vice president of commercial marketing Randy Tinseth said passenger traffic was expected to grow at an average of 4.7 per cent a year for the next 20 years.

“For the first time in years, we are seeing economies growing in every region of the world,” Tinseth said in a statement.

“This synchronized growth is providing more stimulus for global air travel. We are seeing strong traffic trends not only in the emerging markets of China and India, but also the mature markets of Europe and North America.”

PROMOTED CONTENT

There improved outlook for commercial aircraft orders was underpinned by was an upward revision for the single-aisle segment, with 31,360 new aircraft expected to be delivered over the next 20 years, up 6.2 per cent from 29,530 in the 2017-2036 CMO.

The expected number of new freighters to be ordered was raised to 980 aircraft, compared with 920 the prior year. Boeing also forecast operators would buy 1,670 converted freighters over the next two decades.

By contrast, Boeing lowered its outlook for regional jets from 2,370 to 2,320 aircraft, while its estimates for widebodies was 8,070, compared with 8,210 in the 2017-2036 CMO.

Some of the market characteristics as forecast in the Boeing CMO. (Boeing)
Some of the market characteristics as forecast in the Boeing CMO. (Boeing)

Retirement wave coming

The global aviation fleet was expected to grow to 48,540 aircraft by 2037, with just 5,810 of the 24,400 aircraft currently in service to still be flying in 20 years time.

Single aisle aircraft was expected to comprise 69 per cent of the global fleet 20 years from now, with widebodies at 19 per cent and freighters at seven per cent. Regional jets’ share of the total fleet was expected to halve to five per cent.

Figures from Boeing showed there were currently more than 900 aircraft more than 25 years old.

And by the mid-2020s there would be more than 500 aircraft a year that will reach 25 years of age, which is double the current rate.

That would fuel the retirement wave.

“Along with continued traffic expansion, the data show a big retirement wave approaching as older airplanes age out of the global fleet,” Tinseth said.

Qantas plans to retire all its Boeing 747-400s by the end of 2020. (Rob Finlayson)
Qantas plans to retire all its Boeing 747-400s by the end of 2020. (Rob Finlayson)

Asia Pacific to represent biggest source of orders

Airlines in Asia Pacific represented about 40 per cent of expected new deliveries over the coming 20 years, with 16,930 new aircraft tipped to enter service in that period. The forecast for Asia Pacific was up from 16,050 new deliveries in the 2017-2036 CMO.

The region is expected to be the biggest travel market in the world and tipped to represent about 40 per cent of global passenger traffic by 2036, the CMO said.


VIDEO: A summary of Boeing’s Commercial Market Outlook (CMO) from Boeing’s YouTube channel.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Boeing expects 42,730 new aircraft deliveries over next 20 years Comment

  • Vish

    says:

    Imagine the need of pilots for all these new single engine asiles !! jeeezz

Leave a Comment

Your email address will not be published. Required fields are marked *

Boeing expects 42,730 new aircraft deliveries over next 20 years

written by australianaviation.com.au | July 18, 2018
A supplied image of Boeing 737 MAX 7, 8 and 9 artwork. (Boeing)
A supplied image of Boeing 737 MAX 7, 8 and 9 artwork. (Boeing)

Boeing has revised upwards its market forecast for aircraft deliveries over the next 20 years amid growing passenger demand and a looming retirement wave of older aircraft.

The Boeing Commercial Market Outlook (CMO) for 2018-2037 said 42,730 aircraft would be delivered over the next two decades, with 56 per cent (24,140) to be used for growth and the remainder as replacement of older airframes. The forecast represented US$6.3 trillion worth of aircraft at list prices.

The outlook was presented at the Farnborough Airshow on Tuesday (United Kingdom time).

Advertisement
Advertisement

It is an increase of 4.1 per cent from 41,030 new aircraft deliveries predicted in the 2017-2036 CMO, then known as the Current Market Outlook, published a year ago.

A summary of the Boeing Current Market Outlook for 2018-2037. (Boeing)
A summary of the Boeing Current Market Outlook for 2018-2037. (Boeing)

Boeing vice president of commercial marketing Randy Tinseth said passenger traffic was expected to grow at an average of 4.7 per cent a year for the next 20 years.

“For the first time in years, we are seeing economies growing in every region of the world,” Tinseth said in a statement.

“This synchronized growth is providing more stimulus for global air travel. We are seeing strong traffic trends not only in the emerging markets of China and India, but also the mature markets of Europe and North America.”

PROMOTED CONTENT

There improved outlook for commercial aircraft orders was underpinned by was an upward revision for the single-aisle segment, with 31,360 new aircraft expected to be delivered over the next 20 years, up 6.2 per cent from 29,530 in the 2017-2036 CMO.

The expected number of new freighters to be ordered was raised to 980 aircraft, compared with 920 the prior year. Boeing also forecast operators would buy 1,670 converted freighters over the next two decades.

By contrast, Boeing lowered its outlook for regional jets from 2,370 to 2,320 aircraft, while its estimates for widebodies was 8,070, compared with 8,210 in the 2017-2036 CMO.

Some of the market characteristics as forecast in the Boeing CMO. (Boeing)
Some of the market characteristics as forecast in the Boeing CMO. (Boeing)

Retirement wave coming

The global aviation fleet was expected to grow to 48,540 aircraft by 2037, with just 5,810 of the 24,400 aircraft currently in service to still be flying in 20 years time.

Single aisle aircraft was expected to comprise 69 per cent of the global fleet 20 years from now, with widebodies at 19 per cent and freighters at seven per cent. Regional jets’ share of the total fleet was expected to halve to five per cent.

Figures from Boeing showed there were currently more than 900 aircraft more than 25 years old.

And by the mid-2020s there would be more than 500 aircraft a year that will reach 25 years of age, which is double the current rate.

That would fuel the retirement wave.

“Along with continued traffic expansion, the data show a big retirement wave approaching as older airplanes age out of the global fleet,” Tinseth said.

Qantas plans to retire all its Boeing 747-400s by the end of 2020. (Rob Finlayson)
Qantas plans to retire all its Boeing 747-400s by the end of 2020. (Rob Finlayson)

Asia Pacific to represent biggest source of orders

Airlines in Asia Pacific represented about 40 per cent of expected new deliveries over the coming 20 years, with 16,930 new aircraft tipped to enter service in that period. The forecast for Asia Pacific was up from 16,050 new deliveries in the 2017-2036 CMO.

The region is expected to be the biggest travel market in the world and tipped to represent about 40 per cent of global passenger traffic by 2036, the CMO said.


VIDEO: A summary of Boeing’s Commercial Market Outlook (CMO) from Boeing’s YouTube channel.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Boeing expects 42,730 new aircraft deliveries over next 20 years Comment

  • Vish

    says:

    Imagine the need of pilots for all these new single engine asiles !! jeeezz

Leave a Comment

Your email address will not be published. Required fields are marked *

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