First Airbus made its future new builds numbers forecast for the next 20 years now Boeing has done the same and supprise supprise the number are the same. Looking good over 2000 new aircraft output from them each year. Love in his last announcement told us two things. One Airbus now declared the CVM is ready for commercial use and two Boeing is looking at other applications to install on their new aircraft. Do the numbers its big and SMN are the first movers in this technology, dont sell those shares best advice.
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Boeing boosts20 year outlook for planes due to narrowbody demand
Story by By ValerieInsinna • 6h ago
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A BoeingDreamlifter sits on the tarmac at their campus in North Charleston, SouthCarolina© Thomson Reuters
By Valerie Insinna
PARIS (Reuters) - U.S. planemaker Boeing slightly raised its annual20-year forecast for new jetliner deliveries, propelled by the strength of thenarrowbody market fueled by demand from low-cost carriers.
Boeing expects airlines will need to buy 42,595 jets from now until2042, up from 41,170 planes in its previous 20-year forecast last year.
The latest projection -- released on Sunday ahead of the Paris Airshow-- is still lower than the 43,610 new jets that were predicted as part of the marketoutlook in 2021, when Russian aircraft demand was factored in.
Boeing expects that narrowbody jets like its 737 MAX or the A320neofamily made by European rival Airbus will dominate aircraft deliveries, with32,420 single-aisle jets delivered through 2042.
That demand will be driven by low-cost carriers, which are slated todouble the size of their current fleets, said Darren Hulst, Boeing's vicepresident of commercial marketing, during a briefing with reporters ahead ofthe report's release.
Boeing expects the global aircraft fleet to almost double over the next20 years, from about 24,500 jets in 2022 to 48,600 by 2042. Last year's outlookpredicted a global fleet of 43,470 aircraft in 2041.
The company also raised its industrywide passenger traffic forecastgrowth rate slightly from 3.8% to 4%. And while the air cargo market is taking"a little bit of a breather," the estimated 3% annual growth in tradeover the next 20 years will provide a tailwind for future demand, Hulst said.
"I think we'll again see how resilient the demand for air cargo isbecause it's consistently around 3.5% to 4% growth," he said.
Although Chinese air traffic remained depressed in 2022, Hulst saidBoeing remains "very bullish" on China, which will make up 20% of themarket, with the rest of Asia making up another 22% of demand.
Airbus, which published its own market forecast on Wednesday, alsoraised its delivery projections, estimating that 40,850 new jets would behanded over to customers through 2042.
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