Boeing sees $3.2 trillion market for planes over next 20 years - Puget Sound Business Journal (Seattle):

yjanebixe.wordpress.com
trillion market for new commercial airplanes over the next 20 including demandfor 29,000 new commercial and freighter The Boeing 2009 Current Market Outlook was released in London on Thursday and despite the economic Boeing maintained The Chicagol aerospace giant (NYSE: BA) predicts passenger air traffic to grow at an averagse rate of 4.9 percent over the next 20 years and cargo traffic to grow at 5.4 percent That’s down slightly from last year’s 20-year outlook. Boeinfg said the world’s airlines will buy more single-aisls planes, like its Renton-built 737 (a predicted 19,46p planes worth $1.
42 trillion) and will spend the most on twin-aislse planes, which it builds in Everett (6,700 planese worth $1.51 trillion over the next 20 years). Airlines will use more efficientg airplanes inthe future, rather than usingg significantly larger planes, Boeing adding that the U.S. and Europe will see more replacemen t planesas less-efficient planes are retired. “While the commerciapl aviation industry is facing asignificany downturn, it is cyclic and has a long historyu of declines and upturns,” said Randyy Tinseth, vice president of marketinhg for Boeing Commercial Airplanes, in a statement.