Metropolitan Airport NewsMetropolitan Airport News
  • Airport News
    • Publisher’s Message
    • Fast Five
    • On Duty
    • Air Cargo
    • Airline News
    • Airport Community
    • Airport Employment News
    • Airport Safety & Security
    • Company Spotlight
    • Ground Services
    • Intermodal
    • New York Aviation History
    • Non-Rev Traveler
  • Airport & Aviation Events
  • Airport Employment
  • Latest Issue
  • Login

Subscribe for Updates

Get the latest local airport and aviation news delivered right into your inbox each week!

News Updates
United States Mint Begins Shipping 2023 American Women Quarters Program Coins Honoring Bessie Coleman

U.S. Mint Begins Shipping 2023 Bessie Coleman Quarters

January 27, 2023
The 11.34 megawatt microgrid will transform the New Terminal One into the first fully resilient airport transit hub in the New York region that can function off-grid during power disruptions.

The New Terminal One Creates the Largest Rooftop Airport Terminal Solar Array in the U.S.

January 27, 2023
Airbus A350

Air France-KLM Orders Four A350F’s to Modernize the Fleet of Martinair

January 27, 2023
Facebook Twitter Instagram
Metropolitan Airport NewsMetropolitan Airport News
  • Airport News
    • Publisher’s Message
    • Fast Five
    • On Duty
    • Air Cargo
    • Airline News
    • Airport Community
    • Airport Employment News
    • Airport Safety & Security
    • Company Spotlight
    • Ground Services
    • Intermodal
    • New York Aviation History
    • Non-Rev Traveler
  • Airport & Aviation Events
  • Airport Employment
  • Latest Issue
  • Login
Metropolitan Airport NewsMetropolitan Airport News
Home»Aviation News»Boeing Forecasts Demand for 39,620 New Airplanes Valued at $5.9 Trillion
Aviation News

Boeing Forecasts Demand for 39,620 New Airplanes Valued at $5.9 Trillion

Metropolitan Airport NewsBy Metropolitan Airport NewsJuly 11, 2016No Comments3 Mins Read
Facebook Twitter LinkedIn Email

20-year Current Market Outlook reflects 4.1 percent increase in new airplane deliveries over 2015 forecast

Boeing projects a demand for 39,620 new airplanes over the next 20 years, an increase of 4.1 percent over last year’s forecast. Boeing released its annual Current Market Outlook (CMO) on the first day of the 2016 Farnborough International Airshow, estimating the total value of those new airplanes at $5.9 trillion.

“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. “We expect to see passenger traffic grow 4.8 percent a year over the next two decades.”

The single-aisle market will be especially strong, with low-cost carriers and emerging markets driving growth. 28,140 new airplanes will be needed in this segment, an increase of more than 5 percent over last year.

“There’s no question the heart of the single-aisle market is around the new Boeing MAX 8 and the current 737-800. Airplanes that size already account for 76 percent of the global single-aisle backlog, and our products have the clear advantage in that space.”

On the widebody side, 9,100 airplanes are in the forecast, with a large wave of potential replacement demand in the 2021- 2028 time frame. Boeing projects a continued shift from very large airplanes to small and medium widebodies such as the 787, 777 and 777X.

With cargo traffic forecasted to grow at 4.2 percent per year, Boeing projects the need for 930 new freighters and 1,440 converted freighters.

New Airplane Deliveries Through 2035

Airplane type

Seats

Total deliveries

Dollar value

Regional jets

90 and below

2,380

$110 billion

Single-aisle

90 – 230

28,140

$3,000 billion

Small widebody

200 – 300

5,100

$1,350 billion

Medium widebody

300 – 400

3,470

$1,250 billion

Large widebody

400 and above

530

$220 billion

Total

———

39,620

$5.9 trillion

 

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

New Airplane Deliveries Through 2035

Region

Airplane deliveries

Asia

15,130

North America

8,330

Europe

7,570

Middle East

3,310

Latin America

2,960

Africa

1,150

C.I.S.

1,170

Total

39,620

 

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.

Share. Facebook Twitter LinkedIn Email
Metropolitan Airport News
  • Website
  • Facebook
  • Twitter
  • LinkedIn

Produced by a team of aviation professionals, and enthusiasts our mission is to inform and update the more than 68,000 employees who work on the metropolitan New York airport properties, as well as the many others that provide goods and services in the surrounding communities.

RELATED NEWS & UPDATES

United States Mint Begins Shipping 2023 American Women Quarters Program Coins Honoring Bessie Coleman

U.S. Mint Begins Shipping 2023 Bessie Coleman Quarters

January 27, 2023
ited Celebrates Historic First Graduating Class of Flight Academy Pilots

United Celebrates First Graduating Class of Flight Academy Pilots

January 25, 2023
Emirates A380 First Class new suite colors.

First Retrofitted Emirates A380 Enters Service

January 11, 2023
eVTOL Evolution The Past, Present & Future of Air Mobility

eVTOL Evolution: The Past, Present & Future of Air Mobility

January 10, 2023
TSI/DOT Aviation Safety Training

TSI/DOT Aviation Safety Training

January 5, 2023

Joby Completes Second of Four System Reviews with the FAA

December 15, 2022
Add A Comment

Leave A Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

AIRPORT & AVIATION EVENTS
JFK Airport Food Service Hiring Event
January 31, 2023
9:00 AM to 12:00 PM
  • John F. Kennedy International Airport-(JFK)
Jamaica, New York
LAAMCO Monthly Meeting
February 01, 2023
10:30 AM to 11:30 AM
JFK Rotary Club Monthly Dinner Meeting
February 08, 2023
5:30 PM to 8:30 PM
Vetro Restaurant & Lounge
Howard Beach, New York
  • >> More Airport & Aviation Events

Subscribe for Weekly Email Updates

Get the latest local airport news, events, and jobs delivered right into your inbox each week.

Metropolitan Airport News provides timely news, information and updates for both Port Authority of New York & New Jersey (PANYNJ) employees and businesses that provide services at, and around the major New York airports (JFK, LGA, EWR).

John F. Kennedy International Airport
PO Box 300877
Jamaica, NY 11430 USA
Phone: (347) 396-0904
Email Us

Facebook Twitter YouTube LinkedIn Flickr
JANUARY 2023 ISSUE
Metropolitan Airport News - January 2023
LATEST COMMENTS
  • Airportlife2017 on The New Terminal One at JFK
  • Carol Simon Levin on Remembering Cornelia Fort, On a Date Which Will Live in Infamy
  • Julia Lauria-Blum on Remembering Cornelia Fort, On a Date Which Will Live in Infamy
  • About Us
  • Advertising Options
  • Charitable Giving Program
  • Back Issue Archive
  • Contact Us
© 2023 Airport Media, Inc. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.