Military

Boeing Sales Forecast Flies Higher

Boeing (NYSE: BA) revised its forecast for commercial aircraft sales over the next 20 years to 34,000 planes. The value of the entire inventory should be $4.5 trillion, as carriers worldwide combine to double the global fleet. The only real…

By Douglas A. McIntyre
Published July 3, 2012, 6:22am ET · 1 min read

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Boeing (NYSE: BA) revised its forecast for commercial aircraft sales over the next 20 years to 34,000 planes. The value of the entire inventory should be $4.5 trillion, as carriers worldwide combine to double the global fleet. The only real competitor to Boeing for the largest and most expensive planes is EADS division Airbus. Many of the models that will make up the forecast sales have just come into service, led by the Boeing 787 Dreamliner and Airbus A-380 super jumbo. According to the new Boeing 2012 Current Market Outlook (CMO), Asia Pacific sales will account for 12,030 of the sales for the twenty year period. The report said:

Airline traffic is forecasted to grow at a 5 percent annual rate over the next two decades, with cargo traffic projected to grow at an annual rate of 5.2 percent. The single-aisle market, served by Boeing’s Next-Generation 737 and the future 737 MAX, will continue its robust growth. Widebodies, such as Boeing’s 747-8, 777 and 787 Dreamliner, will account for almost $2.5 trillion dollars worth of new airplane deliveries with 40 percent of the demand for these long-range airplanes coming from Asian airlines.

Douglas A. McIntyre

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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