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Sunday, July 16, 2006

Boeing's 20-Year Outlooks

By Yaser Anwar, CSC of Stock Market Beat

Boeing Co (BA), the world’s second-largest jet manufacturer, Wednesday raised its global demand outlook for the commercial airplanes market for the upcoming 20 years by nearly 6%.

The California-based company now forecasts 27,200 new planes in the global airline market by 2025, as compared to its previous forecast of 25,700 new planes.

The majority of these new planes would be in the single-aisle (100-240 seats) and twin-aisle (200-400 seats) categories, Boeing said.

Boeing Commercial Airplanes Vice President of Marketing, Randy Baseler, said, "We're forecasting a continued strong long-term demand for new airplanes over the next 20 years."

The company added that nearly 65% of these 27,200 new deliveries are for fleet growth with the remainder comprising of replacement of retiring aircrafts.

"This strong replacement demand -- about 1,400 more than last year's forecast -- is being driven by high fuel prices and the introduction of new, very efficient, very capable aircraft," Baseler added.

Source: NR

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