Boeing, one of the largest aircraft manufacturers, has released its annual report today, the Boeing 2012 Current Market Outlook (CMO), and it makes for positive reading, unless, of course, you happen to be more environmentally- minded.
Airline traffic is predicted to increase annually by five percent over the next two decades, with cargo traffic increasing slightly higher at just over five. The single-aisle market – Boeing’s Next-Generation 737 and the upcoming 737 MAX – looks set to continue to grow, with widebodies - Boeing’s 747-8, 777 and 787 Dreamliner – accounting for almost $2.5 trillion.
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Vice President of Marketing, Boeing Commercial Airplanes, Randy Tinseth, commented:
“The world’s aviation market is broader, deeper and more diverse that we’ve ever seen it. It has proven to be resilient even during some very challenging years and is driving production rate increases across the board.”
Emerging economies, especially those hailing from the Asia-Pacific region, are continuing to drive demand, with over 12,000 new airplanes expected to be delivered to Asia-Pacific compared to 7,760 for Europe and 7,290 for North America. However, there is a strong demand from airlines operating within Europe, North America and other territories for more efficient and modern aircraft to replace existing models.
“It’s incredible to see just how much air travel has changed since I took my first flight back in 1977. It has become critical to business and something we do for pleasure, to connect with family and friends. As the market continues to grow, especially in emerging economies, air travel will become affordable to even more people.”
Boeing’s CMO is the longest running complete global jet review and forecast, with the first produced in the early 1960s. The complete report, including an interactive database of forecast numbers, can be found at: www.boeing.com/cmo