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UAE decides to upgrade its fleet of Mirage 2009 combat jets। Boeing, Emirates announce commitment for 40 Boeing 787-10 aircraft worth $15 billion। Russian Helicopters signs deal for undisclosed number of Mi-17 1A2 Helicopters to India’s Vectra Group। Terror attack in New York’s Lower Manhattan kills 8 injures at least 15। An Uzbek, the terrorist mowed cyclists and pedestrians with a hired pickup truck। He was shot and captured, and notes recovered him indicated loyatly to ISIS। He is 29, came to the US in 2010, and married an Uzbek woman there। India marks 85th Indian Air Force Day। Chief of Air Staff Air Chief Marshal BS Dhanoa says IAF working towards ‘Technology Intensive’ capability। For the first time, indigenous LCA Tejas takes part in IAF Day Flypast । IAF will issue RFI for 114 single engine combat aircraft within two weeks or so । RFI will go to Lockheed Martin for F 16 and Saab for Gripen for their latest variants । IAF aims to get 18 aircraft in 4-5 years, and 96 more in progressive manufacture from then onwards । Capability will be the first parametre for selecting the aircraft, and then the price । The selected aircraft will have more capabilities than those specified in the 2007 RfP for MMRCA । 18 aircraft will । IAF will consider General Atomics’ Predator C Avenger if offered by US Government। But, says Air Chief BS Dhanoa, no RFI or RFP issued yet by IAF yet। Government approves partial disinvestment in HAL। HAL initiates process for 10 percent disinvestment through Initial Public Offer (IPO)। Indian Army destroys NSCN (K) camps on Indo-Myanmar borders.। India says No to Troops Deployment in Afghanistan। India, US Entering a New Phase in Strategic Defence Partnership, says Nirmala Sitharaman। Mattis describes India as a Major Pillar of Regional Stability and Security। German Chancellor Wins 4th Term। First Scorpene submarine delivered to Navy। Named Kalvari, after India’s first Foxtrot class submarine, it will formally be commissioned very soon। India’s legend, Marshal of the Air Force Arjan Singh passes away।
November 24, 2017
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Boeing Raises Forecast for New Airplane Demand

20-year outlook projects 41,000+ new airplanes, valued at $6.1 trillion
Published: June 2017
 

LE BOURGET, France, June 20. Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.

The company’s annual Current Market Outlook (CMO) was released today at the Paris Air Show, with total airplane demand rising 3.6 percent over last year’s forecast.

“Passenger traffic has been very strong so far this year, and we expect to see it grow 4.7 percent each year over the next two decades,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “The market is especially hungry for single-aisle airplanes as more people start traveling by air.”

CMO+2017+Infographic_small

The single-aisle segment will see the most growth over the forecast, fueled by low-cost carriers and emerging markets. 29,530 new airplanes will be needed in this segment, an increase of almost 5 percent over last year.

The forecast for the widebody segment includes 9,130 airplanes, with a large wave of potential replacement demand beginning early in the next decade. With more airlines shifting to small and medium/large widebody airplanes like the 787 and 777X, the primary demand for very large airplanes going forward will be in the cargo market. Boeing projects the need for 920 new production widebody freighters over the forecast period.
The Asia market, including China, will continue to lead the way in total airplane deliveries over the next two decades. Worldwide, 57 percent of the new deliveries will be for airline growth, while 43 percent will be for replacement of older airplanes with new, more fuel efficient jets.

Boeing’s Current Market Outlook is the longest running jet forecast and regarded as the most comprehensive analysis of the aviation industry.

Forward-Looking Information Is Subject to Risk and Uncertainty

Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “forecasts,” “projects,” “plans,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict.

Many factors could cause actual events to differ materially from these forward-looking statements, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update or revise any such statement, except as required by law.

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