Worldwide Demand For Airline Service Lifts Plane Forecast To New High

Boeing’s new forecast predicts the world will need 41,039 new airplanes over the next 20 years.
The world wants to fly, or at least a growing number of people around the world do and that’s lifting forecasts for new planes, especially narrow-body models, to an all-time high.
Over the next twenty years, Boeing expects Asia, including the China market to need more than 16,000 new airplanes, or 39 percent to the global demandFollow CNBC International on Twitter and Facebook.
“The market is especially hungry for single-aisle airplanes as more people start traveling by air,” said Randy Tinseth, vice president of Marketing at Boeing Commercial Airplanes.
“Single-aisle planes like Boeing’s 737 and the Airbus A320 are in demand because they have the efficiency and versatility that allow airlines to fly the planes profitably on a growing number of routes.

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