EVERETT, Wash. – Boeing’s 20-year outlook for the airplane market is as sunny as ever, even though some analysts worry about a shift from more profitable wide-body jets to smaller, more economical single-aisle jets.
The way Boeing sees it, a steady rise in commercial air traffic and the start of a new replacement cycle in the 2021-2023 time frame will take care of any glut in the wide-body market. And between now and then, a hefty backlog of orders should bridge the gap, according to Randy Tinseth, vice president of marketing for Boeing Commercial Airplanes.
Tinseth accentuated the positive in Boeing’s latest Current Market Outlook, a 20-year forecast that was released today in connection with the Paris Air Show. He previewed the forecast for reporters earlier this month at Boeing’s Everett plant, on the condition that the information was held back until the show.