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North American airlines will buy $700 billion in new aircraft, says Boeing

Post by John Gillie / The News Tribune on Sep. 3, 2010 at 11:27 am with 1 Comment »
September 3, 2010 11:27 am

The market for new airliners will approach $700 billion over the next 20 years in the United States and Canada, Boeing says in a new forecast.

North American carriers will buy or lease 7,200 new planes in the next two decades, the company said.

Most of those aircraft will replace older, less fuel-efficient aircraft now in the airlines’ fleet, Boeing said.

“North America is a large, mature market, and we expect passenger traffic for the region to grow at a modest rate of 3.4 percent,” said Randy Tinseth, vice president of marketing, Boeing Commercial Airplanes, who released Boeing’s 2010 North America market outlook in Montreal. “The fast-paced lifestyles in Canada and the U.S. require rapid, frequent and reliable coast-to-coast and interregional transportation. Driven by this demand, nearly three-quarters of the new deliveries over the next 20 years will be single-aisle airplanes.”

Taking retirements of airplanes into account, the North America fleet will grow from 6,590 airplanes today to about 9,000 airplanes by 2029, he said.

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