Jetrader - September/October 2013 - 32

2013

Current Market Outlook:

Minor Adjustments,
Major Opportunities
Boeing’s
annual longterm forecast
for travel,
airplane
needs projects
$4.8 trillion
market
through 2032

K

Kicking off its presence at this year’s Paris
Air Show, Boeing rolled out its latest version of its long-running and well-respected
annual forecast, predicting the future of
global air travel and the airline industry’s
response over the next 20 years.
Boeing’s 2013 Current Market Outlook
(CMO) foresees a demand for more than
35,000 new jetliners between now and
2032, valued at $4.8 trillion.
This year’s forecast represents a slight
increase from 2012 levels and maintains
the view that the world’s ﬂeet will double
over the next two decades, driven over that
time by expected 5 percent annual growth
in both passenger and freight trafﬁc.
“There are no strong changes in this
year’s CMO, just minor adjustments,” said
Randy Tinseth, vice president of marketing, Boeing Commercial Airplanes and the
company’s primary CMO spokesman. “Our
forecast is up about 3.8 percent in terms of
units and 7 percent in terms of value over
2012. It’s the result of some escalation and
modest up-gauging among model types.”

Single-Aisle Strength
According to Tinseth, the single-market
is the main driver of the forecast and
continues to show strength.
“We see a need for close to 25,000 new
airplanes in the market we serve with the
Next Generation 737 and the forthcoming
737MAX. That’s up 6 percent over last year
32 The ofﬁcial publication of the International Society of Transport Aircraft Trading

and the result of growth of low-cost carriers
and operators in the emerging countries,”
Tinseth said.
The forecast also sees continuing need
for new widebodies, such as Boeing’s 747-8,
777 and its 787 Dreamliner.
“Nearly 8,600 airplanes will be needed
in this segment, which is essentially stable
when compared to last year, as airlines
look to replace older planes in their ﬂeets
with new, more fuel-efficient models,”
said Tinseth.
“Overall, this forecast gives us conﬁdence as we increase production rates and
invest in new products like the 777 and
787-10,” he added.

Efﬁciency Emphasis
In describing the airline mood underlying this year’s outlook, the long-time
Boeing engineer and market analyst said
it’s all about customer initiative.
“Our customers are really focused on
efﬁciency and managing their businesses
aggressively in a number of ways,” said
Tinseth. “They’re relooking at their operations—their ﬂight and fuel policies, maintenance procedures and more to ﬁnd any
way to become more efﬁcient.”
Tinseth said the current emphasis goes
far beyond that of managing through continued fuel price volatility.
“It’s not just about fuel, but labor costs.
They’re asking ‘how do we reduce or change

Jetrader - September/October 2013

Table of Contents for the Digital Edition of Jetrader - September/October 2013

A Message from the President
ISTAT Calendar/News
Q&A: Herb Kelleher
State of the Regions: Europe
ParISTAT
2013 Current Market Outlook: Minor Adjustments, Major Opportunities
The Import of Export
ISTAT Foundation
International Appraisers’ Program
New Members
Aircraft Appraisals
Advertiser.com/Advertiser Index
Jetrader - September/October 2013 - cover1
Jetrader - September/October 2013 - cover2
Jetrader - September/October 2013 - 3
Jetrader - September/October 2013 - 4
Jetrader - September/October 2013 - A Message from the President
Jetrader - September/October 2013 - 6
Jetrader - September/October 2013 - 7
Jetrader - September/October 2013 - 8
Jetrader - September/October 2013 - ISTAT Calendar/News
Jetrader - September/October 2013 - 10
Jetrader - September/October 2013 - Q&A: Herb Kelleher
Jetrader - September/October 2013 - 12
Jetrader - September/October 2013 - 13
Jetrader - September/October 2013 - State of the Regions: Europe
Jetrader - September/October 2013 - 15
Jetrader - September/October 2013 - 16
Jetrader - September/October 2013 - 17
Jetrader - September/October 2013 - 18
Jetrader - September/October 2013 - 19
Jetrader - September/October 2013 - ParISTAT
Jetrader - September/October 2013 - 21
Jetrader - September/October 2013 - 22
Jetrader - September/October 2013 - 23
Jetrader - September/October 2013 - 24
Jetrader - September/October 2013 - 25
Jetrader - September/October 2013 - 26
Jetrader - September/October 2013 - 27
Jetrader - September/October 2013 - 28
Jetrader - September/October 2013 - 29
Jetrader - September/October 2013 - 30
Jetrader - September/October 2013 - 31
Jetrader - September/October 2013 - 2013 Current Market Outlook: Minor Adjustments, Major Opportunities
Jetrader - September/October 2013 - 33
Jetrader - September/October 2013 - 34
Jetrader - September/October 2013 - 35
Jetrader - September/October 2013 - The Import of Export
Jetrader - September/October 2013 - 37
Jetrader - September/October 2013 - 38
Jetrader - September/October 2013 - 39
Jetrader - September/October 2013 - 40
Jetrader - September/October 2013 - ISTAT Foundation
Jetrader - September/October 2013 - 42
Jetrader - September/October 2013 - International Appraisers’ Program
Jetrader - September/October 2013 - 44
Jetrader - September/October 2013 - New Members
Jetrader - September/October 2013 - 46
Jetrader - September/October 2013 - Aircraft Appraisals
Jetrader - September/October 2013 - 48
Jetrader - September/October 2013 - Advertiser.com/Advertiser Index
Jetrader - September/October 2013 - 50
Jetrader - September/October 2013 - cover3
Jetrader - September/October 2013 - cover4
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