Boeing to deliver 30,000 new jets in next 20 years
Friday, June 15, 2007
UNITED STATES aerospace giant Boeing Co forecast last Wednesday that airlines worldwide would take delivery of nearly 30,000 new jets in the next two decades amid surging demand for air travel.
Boeing, unveiling the US group's annual report in London, forecast that the worldwide aviation sector would deliver 28,600 commercial aircraft over the next 20 years worth a total US$2.8 trillion ($4.3 trillion).
The bullish outlook came despite growing concern about the impact of airline pollution and European Union plans to impose carbon dioxide emissions quotas on the industry from 2011.
"Air travel is going to continue to grow, driven by economic growth, world trade liberalisation and by the availability of new, more capable and more efficient airplanes," said Boeing's vice-president for commercial airplanes, Randy Tinseth, as he delivered the report to journalists.
Boeing said that demand over the next 20 years would be led by low-cost carriers seeking more environmentally friendly planes, while looking towards expansion into the US market, Boeing added.
"This growth will occur in an environmentally responsible and accountable manner that addresses greenhouse gas reduction efforts with progressive new aircraft and increased operational efficiencies," Tinseth said.
The Asia-Pacific region would account for a 36 per cent stake of the US$2.8 trillion market, North America would have 26 per cent, while Europe, Russia and the Commonwealth of Independent States would represent one quarter.
The projected deliveries would take the world's total commercial airplanes fleet to 36,400 jets by 2026, according to Boeing.
The upbeat forecast of demand for the next two decades demonstrates the level of optimism in the industry ahead of the opening of the Paris Air Show next week.
The week-long event, one of the world's biggest aviation shows, is expected to feature more frenetic deal-making for Boeing and European rival Airbus when it kicks off on Monday. European jet maker Airbus admitted last week that it was lagging Boeing in orders so far this year. Airbus is owned by Franco-German aerospace firm EADS.
Boeing noted that the greatest demand for the industry would continue to be for single-aisle commercial planes for use on shorthaul routes between 2007 and 2026.
AFP
Boeing, unveiling the US group's annual report in London, forecast that the worldwide aviation sector would deliver 28,600 commercial aircraft over the next 20 years worth a total US$2.8 trillion ($4.3 trillion).
The bullish outlook came despite growing concern about the impact of airline pollution and European Union plans to impose carbon dioxide emissions quotas on the industry from 2011.
"Air travel is going to continue to grow, driven by economic growth, world trade liberalisation and by the availability of new, more capable and more efficient airplanes," said Boeing's vice-president for commercial airplanes, Randy Tinseth, as he delivered the report to journalists.
Boeing said that demand over the next 20 years would be led by low-cost carriers seeking more environmentally friendly planes, while looking towards expansion into the US market, Boeing added.
"This growth will occur in an environmentally responsible and accountable manner that addresses greenhouse gas reduction efforts with progressive new aircraft and increased operational efficiencies," Tinseth said.
The Asia-Pacific region would account for a 36 per cent stake of the US$2.8 trillion market, North America would have 26 per cent, while Europe, Russia and the Commonwealth of Independent States would represent one quarter.
The projected deliveries would take the world's total commercial airplanes fleet to 36,400 jets by 2026, according to Boeing.
The upbeat forecast of demand for the next two decades demonstrates the level of optimism in the industry ahead of the opening of the Paris Air Show next week.
The week-long event, one of the world's biggest aviation shows, is expected to feature more frenetic deal-making for Boeing and European rival Airbus when it kicks off on Monday. European jet maker Airbus admitted last week that it was lagging Boeing in orders so far this year. Airbus is owned by Franco-German aerospace firm EADS.
Boeing noted that the greatest demand for the industry would continue to be for single-aisle commercial planes for use on shorthaul routes between 2007 and 2026.
AFP
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