Last year, Boeing and Airbus published market outlooks through the year 2036. In their report, Boeing described the industries long-term demand as “robust” with an average annual passenger growth of 4.7 percent over the next 20 years while Airbus forecasted a 4.4 percent rate of growth. Boeing noted that over the next two decades China’s fast growth will make it the largest domestic market in the world while the rest of Asia will become the largest market for travel. From Boeing and Airbus Expected new deliveries by Airbus in the next 20-years fall just short of the 35,000 mark. With an existing produced fleet of just 18,890 aircraft as of Q1 2017, this growth appears substantial. Airbus is expecting to replace 12,936 aircraft in their fleet by 2036 and is expecting new growth to reach 21,230. Boeing is forecasting new deliveries to more than double over the next two decades. In order to meet the demand, they are forecasting a need for over 41,000 new deliveries. This will a...
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