AviationGeeks.com - Boeing Projects $700 Billion Commercial Airplanes Market in North America

MONTREAL, Sept. 2 /PRNewswire/ — Boeing (NYSE: BA) forecasts that air carriers in North America will take delivery of about 7,200 new airplanes over the next 20 years at an investment of $700 billion.

New airplane deliveries in Canada and the United States will be driven largely by the need to retire older, less fuel-efficient single-aisle airplanes and regional jets, as airlines replace them with new-generation, more fuel-efficient models. (For the purposes of the Boeing forecast, the North America market consists of the U.S. and Canada. Mexico is included in Boeing’s forecast for Latin America.)

Read More...