Reuters - Video

Edition: US | UK | IN | CN | JP

video Breakingviews

Boeing lifts 20-year forecast to $6 trillion

Tuesday, June 20, 2017 - 01:30

Boeing raised its 20-year industry forecast for passenger and freight plane deliveries by 4 percent on Tuesday, though executives at the world's biggest airshow in Paris expect demand this year to cool from recent red-hot levels. David Pollard reports.

▲ Hide Transcript

View Transcript

Boeing's created some iconic numbers in the past. And these new ones are just as impressive. $6 trillion dollars its forecast for industry demand over the next two decades. An upgrade of four per cent .... Despite concerns that if anything, the industry was taxiing. (SOUNDBITE) (English) JEREMY STRETCH, HEAD OF G10 FX STRATEGY, CIBC, SAYING: "Obviously there's been a lot of pressure in the sector in terms of cost control over time, and of course in the aftermath of the great financial crisis there were concerns that there was a degree of overcapacity in the industry, and orders would dry up. But in fact rather the contrary has occurred." Boeing getting orders for 20 737 Max 10 jets at this Paris Air Show from one leasing firm. Another announcing a provisional deal for 75 Max 8s. Airbus staying in the loop too - with provisional orders for 50 A320s. (SOUNDBITE) (English) JEREMY STRETCH, HEAD OF G10 FX STRATEGY, CIBC, SAYING: "That single body, single aisle sector certainly has seen a significant jump in demand and or orders. And so that's reflective of the fact that it is the lower-cost carriers who are perhaps driving the growth. And of course those bigger dual-aisle aircraft the A380s and so forth, have perhaps had a rather tougher time in the current environment." Boeing first test flew its largest Dreamliner jet, the 787-10, in March. A $313 million plane that comes to market as airlines slow purchases of jets in the 'very large' category. It's the one sub-sector Boeing doesn't see expanding. Though try telling that to Airbus - which debuted its superjumbo A380 upgrade as the show opened on Monday.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Boeing lifts 20-year forecast to $6 trillion

Tuesday, June 20, 2017 - 01:30