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Boeing revises aircraft forecast down
11 June 2009
Boeing has revised down its 20-year market forecast because of the impact of the downturn. Whilst the expected market value over the next two decades remains unchanged from last year at $3.2 trillion, the number of new deliveries forecast has shrunk to 29,000.
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[Boeing]
[GDP]
[regional jets]
[cargo market]
[Randy Tinseth]
Despite demand for new aircraft remaining strong over the next twenty years as GDP increases, Boeing has revised down its market forecast owing to the impact of the downturn.
The market for new commercial aircraft over the next twenty years will be worth $3.2 trillion, with airlines requiring 29,000 aircraft over that period, Boeing said today at the launch of its 2009 current market outlook in London.
Although the $3.2 trillion value estimate is the same the company forecast a year ago, the market for new planes has shrunk in real terms because of escalation prices. Boeing now estimates the number of new aircraft needed by airlines over the next twenty years to be 29,000 – compared to 29,400 the manufacturer forecast last year.
It is understood to be the first reduction in Boeing’s delivery forecast for a decade.
“The downturn has undoubtedly had an...
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