Boeing lifts industry demand forecast as air show deals role on

18 July, 2018, 02:44 | Author: Mary Valdez
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The world's largest planemaker said at the Farnborough Airshow it expected 42,700 industry deliveries over the next two decades, up from its estimate of 41,030 a year ago.

An unnamed customer signed a memorandum of understanding for 25 A321neo and 75 A320neo aircraft.

Boeing's forecasts underscored the sector's reliance on emerging markets in general and China in particular, making the US planemaker especially vulnerable should trade tensions between Washington and Beijing escalate into a full trade war.

Boeing countered with a firm order from Air Lease Corp.

Muilenburg said Boeing is ramping up its supply chain around the globe as demand for planes continues.

In a speech officially opening the 2018 Farnborough International Airshow, she will tell an audience of aviation industry executives and United Kingdom business leaders that she wants to build on Britain's global reputation and make the most of future opportunities. Said Faury: "There will be no victor if there's a trade war around the world".

'But this year fears about the future after Brexit are looming, and for many people will dominate gossip in the plush chalets and meeting rooms.

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However, chief executive Paul Everitt said the prime minister's remarks were a "strong statement of intent" that would help build confidence and encourage investment. He insists that any failure to agree a good deal on Brexit will hurt the sector. "We also look forward to supporting our partner with the entry into service of the new 777X aircraft". StarLux is expected to launch flights late next year.

There may be an intense battle for sales in the 100-150-seat market where Airbus and Boeing have forged new alliances. If confirmed, an order would be worth a shade under USD$6 billion.

Rising oil prices and interest rates, trade tensions and uncertainty over Britain's departure from the European Union all pose a risk to an eight-year boom in civil aviation, which has boosted industry order books and share prices.

"But business was brisk on the first day of the July 16-22 air show, though analysts will be watching closely to see how numerous deals are new, and how many involve adjusting earlier business or switching models - something not always easy to spot at first". One in four of Boeing's passenger aircraft went to Chinese customers previous year.

The U.S. -based business daily says that good times have come with a tricky downside for the world's big aircraft makers: keeping up with demand.

Past year was the best for cargo since 2010, with traffic growth more than doubling to 9 percent, three times the growth in capacity.

"We are proud that Qatar Airways recognizes the value of the 777 Freighter and continues to invest in this aircraft to serve its expanding freight operations", said Boeing Commercial Airplanes President & CEO Kevin McAllister.


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