Boeing Forecasts $7.2 Trillion Jetliner Market

Air Travel to Return to Pre-Pandemic Levels by 2024, Says Aircraft Maker

By Kurt Stolz on 14 September 2021
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Aircraft maker Boeing said it sees the market for jets rising to $7.2 trillion over the next two decades.

Boeing also said that global aviation will return to pre-pandemic levels by 2024, as it raised its 20-year forecast for commercial airplane demand.

The Chicago-based company forecast demand for 43,610 new planes valued at $7.2 trillion by 2040, representing an increase of about 500 planes over last year’s forecast, as it said in its market outlook published on Tuesday.

The airline industry as well as aircraft manufacturers were brought to the brink of failure amidst the pandemic and are first now showing signs of recovering.

Boeing expects domestic air travel to lead the recovery and return to pre-pandemic levels in 2022.  That will be followed by intra-regional markets and then long-haul travel, which should return to 2019 levels by 2023 or early 2024.

“As our industry recovers and continues to adapt to meet new global needs, we remain confident in long-term growth for aerospace,” said Marc Allen, Boeing’s chief strategy officer.

(Photo: Accura Media Group)

Accura News

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