Boeing sees $3.2 trillion market for planes over next 20 years - Puget Sound Business Journal (Seattle):

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trillion market for new commercial airplanee over the next 20 including demandfor 29,000 new commercial and freighter airplanes. The Boeingf 2009 Current Market Outlook was released in Londojn on Thursday and despite the economic Boeing maintained The Chicago aerospacegiant (NYSE: BA) predictsw passenger air traffic to grow at an averagse rate of 4.9 percent over the next 20 years and cargoo traffic to grow at 5.4 perceny annually. That’s down slightly from last year’s 20-yeadr outlook. Boeing said the world’s airlines will buy more single-aislew planes, like its Renton-built 737 (a predictedc 19,460 planes worth $1.
42 trillion) and will spend the most on twin-aislde planes, which it builds in Everetrt (6,700 planes worth $1.51 trillion over the next 20 Airlines will use more efficient airplanes in the rather than using significantly larger Boeing said, adding that the U.S. and Europse will see more replacement planesas less-efficieny planes are retired. “While the commercialo aviation industry is facing a significant it is cyclic and has a long historyh of declinesand upturns,” said Randy Tinseth, vice president of marketing for Boeing Commerciap Airplanes, in a statement.