Boeing sees commercial air fleet grow by 82% by 2041

NEW YORK: The pandemic has not fundamentally changed the long-term growth outlook for commercial aviation, with jets seeing an 82 percent increase through 2041, according to a Boeing forecast released Saturday.
Boeing, in its annual commercial market outlook, said the company forecasts a total global fleet of 47,080 over the next two decades, compared to 25,900 in 2019, with half the jets replacing jets.
This forecast arrival comes days after a similar approach to Airbus and before the big Farnborough Airshow.
That’s slightly below Boeing’s prior long-term outlook for its 49,405-jet fleet, which shows a slight trim to the company’s forecast for global annual GDP growth of 2.6 percent.
But with demand for passenger and cargo traffic exceeding global gross domestic product (GDP), long-term fundamentals “remain intact”, Boeing said in its PowerPoint.
“In 2022, demand is no longer the major constraint, as people are able to travel,” said Darren HulstowBoeing’s vice president for commercial marketing.
Today’s market is dominated by “tremendous volume demand reduction,” he said. “The main constraint is supply.”
The global fleet of single-aisle jets used for domestic flights is back at 98 percent of its pre-pandemic levels, while multi-aisle jets, used for international flights, are at 78 percent.
The initial trend of the aviation industry coming back from the Covid-19 slowdown favored domestic travel. But Boeing pointed to a change that is underway.
Domestic travel in China has fallen with several rounds of COVID-19 restrictions, while growth in Europe and the United States has been hit by a lack of capacity.
Meanwhile, international reform is “currently exceeding leadership expectations”. transatlantic“Fly, said Boeing Powerpoint.
Boeing also said that growth in e-commerce will drive demand for cargo planes, expected to see an 80 percent jump in 2041.
Hulst said the aircraft manufacturer was adding more capacity to meet strict low-carbon standards,

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