Boeing Forecasts Demand for 42,600 New Commercial Jets Over Next 20 Years
Source: Boeing With a resurgence in international traffic and domestic air travel back to pre-pandemic levels, Boeing has projected global demand for 42,595 new commercial jets by 2042, valued at $8 trillion. Boeing released its 2023 Commercial Market Outlook (CMO), the company's forecast of 20-year demand for commercial airplanes and services, in advance of the Paris Air Show. The new CMO comes three years after the pandemic grounded most of the global fleet. Key findings include: Passenger traffic continuing to outpace global economic growth of 2.6%. The global fleet nearly doubling to 48,600 jets, expanding 3.5% per year. Airlines replacing about half of the global fleet with new, more fuel-efficient models. "The aviation industry has demonstrated resilience and adaptability after [...]