Boeing Projects $4 Trillion Market for 33,500 New Airplanes over Next 20 Years

Al Bawaba reported that a market outlook report from Boeing (NYSE:BA) sees significant demand for new plans over the next two decades.

The market news is quoted as saying:

Passenger traffic is expected to grow at 5.1 percent annual rate over the long-term and the world fleet is expected to double by 2030. The single-aisle market will continue to see strong demand around the world and is expected to increase its share of the market. Fleet composition will change significantly by 2030 with single-aisle jets making up 70 percent of the total.

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