Published: Tue, June 20, 2017
Business | By Max Garcia

Boeing lifts 20-year industry demand forecast to $6 trillion

LE BOURGET, France, June 20, 2017 /PRNewswire/ -Boeing [NYSE:BA] and Okay Airways announced today an order for 15 737 MAX airplanes, valued at $1.8 billion at current list prices. "We find it hard to believe that Airbus will deliver the rest of their A380s in backlog".

United Airlines, which will become the largest single 737 MAX 10 customer in the world, said it expected the delivery of the first of the planes in late 2020.

"Airlines wanted a larger, better option in the large single-aisle segment with the operating advantages of the 737 MAX family".

Boeing announced firm orders Tuesday for more than 45 planes worth $5.4 billion at list prices, though customers routinely negotiate discounts.

The U.S. planemaker continued to rack up orders at the Paris Airshow for a new model of its best-selling 737 aircraft, which was launched on Monday amid a flurry of deals.

The Irish-based, Chinese-owned leasing operation made the announcement at the Paris Air Show, which is taking place this week. Tinseth dismissed the strategy. "So think of the NMA connecting places like Washington, D.C. and Prague or maybe places in Japan to places in India".

"Alafco's commitment to purchase 20 more 737 MAXs is an excellent endorsement of the aircraft which is already the fastest-selling airplane in Boeing history", said Ihssane Mounir, senior vice president, Global Sales and Marketing, Boeing Commercial Airplanes. By comparison, larger, twin aisle planes require more passengers to keep them full and the number of routes that can sustain that demand is more limited.

The Boeing 787 Dreamliner is a family of super-efficient airplanes with new passenger-pleasing features that bring the economics of large jet transports to the middle of the market. While that narrow-body would probably be cheaper than the new Boeing dual-aisle, the US company sees a competitive advantage in a design that lets people board and disembark far more quickly. Included in the total demand estimate for new planes are 29,530 single-aisle narrow-body planes like the 737 and the Airbus A320 (up from 28,140 last year) and just over 9,000 wide-body, dual-aisle planes like the 787 and the A350, including freighter versions.

It took delivery of its 450th Boeing aircraft in March 2017.

Sales of very large aircraft will probably be confined to Boeing's niche-market 747-8 freighter and a handful of jets for VIPs, like the next Air Force One for the US president.

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