Boeing’s newly released forecast predicts that air carriers in the U.S. and Canada will take delivery of 7,530 jets valued at $760 billion over the next 20 years.
Strong demand is expected for more fuel efficient single-aisle airliners, Boeing said in a North America market outlook released today in Montreal.
Counting retirements of airplanes currently in the fleet, the North America fleet is expected to grow from 6,610 planes today to 9,330 by 2030.
That’s good news for Spirit AeroSystems, which builds parts of all Boeing jets, and for local suppliers who build parts for Spirit and Boeing.
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The commercial aviation market in North America improved for the second consecutive year, with passenger traffic improving at a modest 3 percent, Randy Tinseth, vice president of marketing for Boeing’s commercial airplanes division, said in a statement. “The region’s airline industry is poised for long-term, moderate growth. Airlines are expected to continue focusing on capacity discipline and improving financial performance.”
Boeing expects the number of single-aisle jets in North America’s fleet will grow to 73 percent of the total fleet, driven largely by traffic to and from Central and South America.
Long-haul international traffic, meanwhile, will continue to grow at an average annual rate of about 4.5 percent. Boeing forecasts demand for 1,180 twin-aisle airplanes in the next 20 years. Large airplanes such as Boeing’s 747, won’t see significant demand in North America. Only about 50 large jets are expected to be delivered.