Boeing Projects 44,000 New Planes Required By 2043 With Air Travel On The Rise – Travel And Tour World

Reading Time: minute

With air travel now exceeding pre-pandemic levels, Boeing has forecasted a 3% rise in airplane deliveries over the coming two decades. By 2043, airlines are expected to need almost 44,000 new commercial aircraft. Ahead of the Farnborough International Airshow, Boeing unveiled its 2024 Commercial Market Outlook (CMO), highlighting that emerging markets and the global demand for single-aisle aircraft will continue to be the main drivers of industry growth.In an ever more interconnected world, the demand for air travel is consistently surpassing economic growth. Four years following the pandemic that halted the majority of the global fleet, air traffic growth has realigned with the long-term trend Boeing projected two decades ago. As indicated by the CMO, passenger air traffic is expected to increase by an average of 4.7% annually over the next twenty years, compared to 2023 levels.

“This is a challenging and inspiring era for aviation. The return to more typical traffic growth shows how resilient our industry is, even as we all work through ongoing supply chain and production constraints amid other global challenges,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing.