Boeing hikes 20-year market forecast

US planemaker Boeing hiked its 20-year market forecast, predicting demand for 34,000 new aircraft worth $4.5 trillion, on growth in emerging regions and as airlines seek efficient new planes to counter high fuel costs.
Many airlines are facing tough conditions as consumers and businesses in austerity-hit regions cut back on travel, while high fuel prices are taking their toll on profit.
Boeing said on Tuesday the market for new planes would become more geographically balanced over the next two decades, with the Asia-Pacific region leading the way in deliveries, as markets like China and India continued to grow.
The company had last year forecast demand for 33,500 new passenger aircraft and freighters worth $4 trillion by 2030.
“Robust growth in China, India and other emerging markets is a major factor in the increased deliveries over the next 20 years,” Boeing said.
03/07/12 Reuters/Khaleej Times

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Categories: Foreign Jul 2012