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Boeing Raises Forecast for New Airplane Demand. 20-year outlook projects 41,000+ new airplanes, valued at USD6.1 trillion 2017.07.01

Le Bourget, France - June 22, 2017 - Boeing (NYSE: BA) strengthened its market position with important announcements and multi-billion dollar orders and commitments for commercial airplanes and commercial and defense services at the 2017 Paris Air Show. Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at USD6.1 trillion dollars. The company's annual Current Market Outlook (CMO) was released today at the Paris Air Show, with total airplane demand rising 3.6 percent over last year's forecast.

Boeing Next-Generation 737
Photo courtesy of Boeing
 

Le Bourget, France - June 22, 2017

• 20-year outlook projects 41,000+ new airplanes, valued at $6.1 trillion

• 3.6 percent increase over 2016 forecast

• Airplane and services orders underscore market strength

• Data analytics, technology, product innovations highlighted

Boeing (NYSE: BA) strengthened its market position with important announcements and multi-billion dollar orders and commitments for commercial airplanes and commercial and defense services at the 2017 Paris Air Show.

Boeing Next-Generation 737
Photo courtesy of Boeing
 
The company launched the 737 MAX 10, the newest member of the 737 MAX family, with more than 361 orders and commitments from 16 customers worldwide.

This wide market acceptance endorsed the 737 MAX 10 as the industry's most efficient and profitable single-aisle airplane.

Commercial customers announced incremental orders and commitments during the week for a total of 571 Boeing airplanes, valued at $74.6 billion at list prices.

Boeing Next-Generation 737
Photo courtesy of Boeing
 
Boeing
revealed its 2017 Current Market Outlook, raising its 20-year outlook to more than 41,000 new airplanes, valued at $6.1 trillion.

Boeing also forecasts significant growth in the Aerospace Services Market, projecting $2.6 trillion demand in commercial and government services for the next 10 years.

Norwegian celebrated  the delivery of the airline's  first two 737 MAX 8s.
Norwegian is the first European carrier to take delivery of the 737 MAX and will deploy the airplanes on transatlantic flights between northern Europe and the east coast of the United States
.
Photo courtesy of Boeing
 
Boeing
confirmed its new Global Services business remains on track to be up and running next month.

Standing up a global services business will sharpen the company's focus and accelerate its capabilities expansion.

Boeing Global Services announced multi-year services agreements valued at up to $6 billion during the show.

Norwegian celebrated the delivery of the airline's first two 737 MAX 8s.
Norwegian is the first European carrier to take delivery of the 737 MAX and will deploy the airplanes on transatlantic flights between northern Europe and the east coast of the United States.
Photo courtesy of Boeing
 
The announcements included
:


• Commercial Services: UPS ordered three 767 Boeing Converted Freighters; Monarch selected Boeing's Global Fleet Care (formerly GoldCare) and flight training services for its entire 737 MAX fleet; and Norwegian selected Boeing to provide all its flight training requirements across its Boeing fleet.

• Government Services: Rolls-Royce reached a parts and sales distribution agreement with Aviall for support of its global fleet of AE defense engines; the Indian Navy chose Boeing to support its fleet of P-8I maritime patrol aircraft; and the U.S. Defense Logistics Agency signed a contract with Boeing to support its F-15 fleet.

Norwegian celebrated the delivery of the airline's first two 737 MAX 8s.
Norwegian is the first European carrier to take delivery of the 737 MAX and will deploy the airplanes on transatlantic flights between northern Europe and the east coast of the United States.
Photo courtesy of Boeing
 
Airplane Development Vice President Michael Delaney
laid out the deliberate, disciplined and driven approach Boeing Commercial Airplanes is following with execution on the MAX, 787-10 and 777X development programs and the study of how to optimally address the middle of the market in the next decade.

Looking further into the future Product Development Vice President Mike Sinnett explored the possibilities for advancing autonomous technology to help enhance safety, decision-making and traffic management in the face of continued projected growth in air transportation.


Boeing Next-Generation 737
Photo courtesy of Boeing
 
Boeing
also announced the launch of Boeing AnalytX, which has brought together more than 800 analytics experts from across the company focused on transforming data into actionable insights and customer solutions.

Five customer agreements were announced to provide solutions powered by Boeing AnalytX.

Boeing Next-Generation 737
Photo courtesy of Boeing
 
The Boeing 737 MAX 9
starred in the daily flying display while the 787-10 Dreamliner, P-8A, V-22, AH-64 Apache and CH-47 Chinook were featured in the static display.


Commercial Airplanes customer announcements during 2017 Paris Air Show 


Courtesy of Boeing
 
Boeing
 has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.

The company's annual Current Market Outlook (CMO) was released today at the Paris Air Show, with total airplane demand rising 3.6 percent over last year's forecast.

"Passenger traffic has been very strong so far this year, and we expect to see it grow 4.7 percent each year over the next two decades," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes.
"The market is especially hungry for single-aisle airplanes as more people start traveling by air."

Boeing Raises Forecast for Airplane Demand.
Photo courtesy of Boeing
 
The single-aisle segment will see the most growth over the forecast, fueled by low-cost carriers and emerging markets.
29,530 new airplanes will be needed in this segment, an increase of almost 5 percent over last year.

The forecast for the widebody segment includes 9,130 airplanes, with a large wave of potential replacement demand beginning early in the next decade.

With more airlines shifting to small and medium/large widebody airplanes like the 787 and 777X, the primary demand for very large airplanes going forward will be in the cargo market.

Boeing projects the need for 920 new production widebody freighters over the forecast period.

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

Worldwide, 57 percent of the new deliveries will be for airline growth, while 43 percent will be for replacement of older airplanes with new, more fuel efficient jets. 

Courtesy of Boeing
 
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 


Contacts:

Chantal Dorange
Boeing International Corporate Communications
+ 34 630046736
chantal.dorange@boeing.com  

Marc Birtel
Boeing Commercial Airplanes Communications
+ 1 206 390 4115
marc.r.birtel@boeing.com  

John Morrocco
Boeing Defense, Space & Security Communications
+ 1 610 715 7975
john.morrocco@boeing.com  

Conrad Chun
Boeing Global Services Communications
+1 314 452 2294
Conrad.chun@boeing.com  

Doug Alder
Boeing Commercial Airplanes Communications
+1 206 660 2978
doug.alder-jr@boeing.com  


SOURCE Boeing

http://boeing.mediaroom.com  



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Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, Ph.D.


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