Boeing lifts 20-year aviation industry demand forecast to $6.8 trillion


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Boeing lifts 20-year aviation industry demand forecast to $6.8 trillion

On Monday, the 17th of June 2019, over the stages of Paris Airshow, the world’s largest aircraft carrier maker, Boeing Co. had heightened its 20-year industry forecast for the passenger jets by 3 percent adding that a strong air traffic alongside reduced fuel cost would likely to prod an industry growth of such extent, however the US-based air-carrier maker had also added that geopolitical tensions and economic slowdown risk could offset the flowery outlooks.

Apart from that, the world’s largest planemaker said at the stage of Paris Airshow that the US planemaker had been expecting 44,040 new airplane delivery orders over the next twenty years, about 3 percent up from an estimate of 43,000 a year earlier.

According to the Boeing Co. officials, with a view to lifted order estimates, new forecast for the next two decades would be worth $6.8 trillion in contrast to a previous prediction of $6.3 trillion. None the less, questions were raised following Boeing Co.’s rosy outlook of aviation industry over the next couple of decades, as average global traffic growth had been down to 4.6 percent this year so far from a 4.7 percent predicted a year earlier, however, earlier this year, Boeing Co. had forecasted a rapid growth of air traffic from the later part of this year due to a reduced cost of energy.