Boeing sees $3.2 trillion market for planes over next 20 years - Dayton Business Journal:

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trillion market for new commercial airplanees over the next20 years, including demand for 29,000p new commercial and freighter The Boeing 2009 Currenr Market Outlook was released in London on Thursday and despite the economic Boeing maintained The Chicagl aerospace giant (NYSE: BA) predicts passenger air traffivc to grow at an average rate of 4.9 percent over the next 20 years and cargo traffic to grow at 5.4 percent annually. That’as down slightly from last year’s 20-year outlook. Boeinh said the world’s airlines will buy more single-aisle like its Renton-built 737 (a predicted 19,460 planesx worth $1.
42 trillion) and will spend the most on twin-aisle which it builds in Everett (6,700 planes worth $1.51 trilliomn over the next 20 years). Airlines will use more efficient airplanes in the rather than using significantlylarger planes, Boeinfg said, adding that the U.S. and Europe will see more replacementg planesas less-efficient planes are retired. “While the commerciaol aviation industry is facing asignificantt downturn, it is cyclic and has a long historyg of declines and upturns,” said Randg Tinseth, vice president of marketing for Boeinb Commercial Airplanes, in a statement.