Boeing is predicting that the world's airlines will buy 34,000 new airplanes over the next 20 years, driven by strong growth in China, India, and other emerging markets.
Boeing is predicting that the world’s airlines will buy 34,000 new airplanes over the next 20 years, driven by strong growth in China, India, and other emerging markets.
Boeing predicted that $4.5 trillion worth of planes will be sold. It will have to compete with Airbus and other competitors including Bombardier, Embraer, and China’s state-owned COMAC.
Boeing says the most planes will be sold in the Asia Pacific region. The next biggest market is Europe. North America is third.
The Chicago company reduced its projection for the number of freighter airplanes that will be sold. It says the cargo market remains sluggish.
- Unusual motel sting casts wide net on illicit activity
- Italian court throws out Knox conviction once and for all
- Costco will buy most farmed salmon from Norway, not Chile
- Priced out? Growing numbers appear to be fleeing King County
- Amanda Knox murder conviction overturned by Italy high court
Most Read Stories
Boeing does a detailed annual study of airline sales trends. Airlines order planes years in advance, so Boeing has to make production decisions years in advance, too.