Boeing raises long-term forecast for jetliner deliveries

Boeing was in focus after the jet manufacturer raised its forecast for new airplane demand over the next 20 years.

Strong passenger growth would require 3.6% more aircraft than the manufacturer had projected last year, with deliveries expected to reach 41,030 and to be worth $6.1trn at market prices.

In the latest edition of its Current Market Outlook, which was published on the sidelines of the Paris Air Show at Le Bourget, France, the jet-maker predicted demand for single-aisle airplanes would be strongest over the forecast period, fueled by low-cost carriers and emerging markets.

Deliveries in that category were seen hitting 29,530 units with a market value of $3.18trn.

The forecast for widebody jet deliveries was 9,130 airples with a market value of $2.76trn.

A large wave of potential replacement demand in widebides was expected to take off early in the next decade, Boeing said.

As of 1630 BST shares in Boeing were 0.81% higher at $200.69.