Boeing Forecasts $760 Billion New Airplanes for North America

Airlines in North America will take delivery of 7,530 new airplanes over the next 20 years at a market value of $760 billion, according to a recent market forecast published by Boeing. Taking retirements of airplanes into account, the North American fleet will grow from 6,610 airplanes today to about 9,330 airplanes by 2030.

Demand in the United States and Canada will be mainly for single-aisle jetliners. For the purposes of the Boeing forecast, the North America market consists of the U.S. and Canada.

“The North American commercial aviation market improved for a second consecutive year with passenger traffic growth at a modest 3 percent,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes, who released Boeing’s 2011 North America market outlook today in Montreal. “The region’s airline industry is poised for long-term, moderate growth. Airlines are expected to continue focusing on capacity discipline and improving financial performance.”

Boeing forecasts single-aisle airplanes will grow to 73 percent of the total North America fleet by 2030. A majority of this increased growth in the single-aisle category is related to traffic traveling to and from economically dynamic regions in Central and South America. New single-aisle airplanes offer significant advantages in improved capabilities, fuel efficiency and maintenance costs, as well as enhanced environmental performance, Boeing says.

Long-haul international traffic will continue to grow at an average annual rate of approximately 4.5 percent. This growth is expected to result in demand for an additional 1,180 new fuel-efficient, twin-aisle airplanes such as the Boeing 787 Dreamliner.