Boeing: $2.8 Trillion Market for Jets |
| Forbes - Jun 13, 2007 |
Boeing Co. on Wednesday boosted its 20-year market projections for new commercial jets to $2.8 trillion, up about $200 billion from its forecast last year, citing a growing demand for regional, single-aisle and twin-aisle jets that airlines want for nonstop routes.
Boeing lowered its market forecast for jumbo jets over the next two decades to 960 planes - down from 990 last year - saying airlines are increasingly turning to smaller, more fuel-efficient planes that will fly passengers directly where they want to go, bypassing layovers at hubs.
Airlines will spend less and make more money by offering more frequent nonstop flights, because passengers have shown they're willing to pay more for the convenience of flying straight to their destination, Randy Tinseth, vice president of marketing for Boeing's Seattle-based commercial airplane division, said in a conference call with reporters about the company's 2007 Current Market Outlook report.
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- Posted: 2007-06-14 10:11:48
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