FX Excursions

FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.

Boeing Highlights Growth In Demand For New Airplanes

by Holly Godbey

Aug 9, 2016
Daily

Boeing released its new 20-year Current Market Outlook report which projects a demand for new airplanes will grow significantly over the next two decades, with certain models of commercial planes in particularly high demand. The forecast predicts that, worldwide, the air travel industry will demand nearly 40,000 new planes by 2035. That’s a value of $5.9 trillion, the report says. That growth is due to an overall expansion of the airline industry around the world. Boeing says 38 percent of the new airplanes will be delivered to airlines in Asia, with 40 percent going to carriers in the United States and Europe, and the remaining 22 percent to airlines in the Middle East, Africa and Latin America. As for which planes will be in highest demand, Boeing predicts more than 28,000 orders will be for single-aisle planes, and only 9,100 for wide-body planes. Boeing’s report meshes with recent news that exponential growth of the air travel industry is expected. IATA projections show some 7 billion passengers will be flying by 2035. Now, the question is, will airports — and their security systems — be able to handle this influx? Newsletter sign-up

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