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Boeing raises 20 year market forecast, worth $4.5 trillion

Boeing has raised its 20-year market forecast, predicting demand for 34,000 new aircraft worth $4.5 trillion, on growth in emerging regions and as airlines seek efficient new planes to counter high fuel costs, Reuters has reported. Over the next two decades, the market for new planes would become more geographically balanced, with the Asia-Pacific region leading the way in deliveries, as markets like China and India continued to grow, Boeing said. The company had last year forecast demand for 33,500 new passenger aircraft and freighters worth $4trn by 2030.