AviTrader sponsorship ad

Boeing projects $820bn market for 7,290 new airplanes in North America

Boeing forecasts that air carriers in North America will take delivery of 7,290 new airplanes over the next 20 years at a market value of $820bn. Taking retirements of airplanes into account, the North America fleet will grow from 6,650 airplanes today to about 8,830 airplanes by 2031. The network carriers are expected to maintain strict capacity discipline. Low-cost carriers will continue to outpace network carrier growth to accommodate increased demand and fill some markets abandoned by network carriers. Financial stability will also be a key indicator of future growth. Several airlines have indicated growth planning to be executed when returns are sufficient to fund their strategic goals. Boeing forecasts single-aisle airplanes will grow to 69 percent of the total North America fleet by 2031. High fuel prices are intensifying the need for new fuel-efficient airplanes, prompting several airlines in the United States to accelerate their fleet renewal programs. Alaska, American, Delta, Southwest and United have announced plans to replace some of their older, less efficient airplanes with Next-Generation 737s or the new 737 MAX. Both the Next-Generation 737 and the 737 MAX offer significant advantages in improved capabilities, fuel efficiency and maintenance costs, as well as enhanced environmental performance. Long-haul international traffic to and from North America is forecasted to grow at an annual rate of approximately 5 percent. The international growth is primarily driven by anticipated passenger traffic to Southwest Asia, China, the Middle East, Africa and South America. Passenger traffic between North America and those regions is forecasted grow at or above 6 percent per year. This growth in the long-haul segment is expected to result in demand for an additional 1,320 new fuel-efficient, twin-aisle airplanes such as the Boeing 787 Dreamliner. Large airplanes (747-size and larger) will not see significant demand in North America, with only about 40 airplanes, or 1 percent of the total investment.

Monday May 20, 2024
Saudia's latest order comprises 12 A320neo and 93 A321neo aircraft © Airbus
Saudia Group, represented by Saudia, the national flag carrier of the Kingdom of Saudi Arabia, and flyadeal, the group’s low-cost carrier, has signed a firm order for an additional 105 A320neo-family aircraft. The order comprises 12 A320neo and 93 A321neo ai... Read More »
Monday May 20, 2024
Ryanair
Ryanair has reported record annual profits of €1.9 billion (£1.6 billion) and announced the appointment of former UK Home Secretary Amber Rudd to its Board. Additionally, the airline indicated that summer fares would be lower than previously anticipated. Th... Read More »
Monday May 20, 2024
Andrea Coccetti becomes ATR's new CFO
The Board Members of ATR have appointed Andrea Coccetti as the company’s new Senior Vice-President Finance and Chief Financial Officer, effective May 1, 2024. He succeeds Antonio Di Gennaro, who will assume new responsibilities within the Leonardo Helicopter... Read More »
Monday May 20, 2024
The Boeing ecoDemonstrator will test 36 technologies in the third year of testing on a 777-200ER © Boeing
Boeing is testing three-dozen technologies in its ecoDemonstrator programme, focusing on enhancing operational efficiency and sustainability in cabin interiors, one of the most challenging aspects of recycling an airplane. The testing, using a 777-200ER (exten... Read More »
Monday May 20, 2024
Representatives from Embraer, Eve and Groupe ADP at the MoU signing
Embraer, Eve Air Mobility (Eve) and Groupe ADP (Aéroport de Paris) have signed a memorandum of understanding (MoU) aimed at fostering innovation and sustainable development to prepare for the future of low-carbon aviation at Paris-Le Bourget Airport. This par... Read More »
Monday May 20, 2024
Asia Digital Engineering (ADE) has received AMO certification from the Cambodian State Secretariat of Civil Aviation
Asia Digital Engineering (ADE), the Maintenance, Repair and Operations (MRO) subsidiary of Capital A, has released that ADE Cambodia Co Ltd (ADE Cambodia), a joint venture with Sivilai Asia, has received the approved maintenance organisation (AMO) certificatio... Read More »
Friday May 17, 2024
On May 16, President Joe Biden signed sweeping aviation legislation that will boost U.S. air traffic controller staffing, increase funding to avert runway close-call incidents © Shutterstock
On Thursday, May 16, President Joe Biden signed sweeping aviation legislation that will boost U.S. air traffic controller staffing, increase funding to avert runway close-call incidents, and speed up refunds for cancelled flights, according to Reuters. The US$... Read More »
Friday May 17, 2024
The Eurodrone programme has completed preliminary design review
The Eurodrone programme has successfully completed the Preliminary Design Review (PDR). Led by Airbus Defence and Space as the prime contractor, this significant milestone in the programme was achieved with OCCAR and representatives from the four customer nati... Read More »
Friday May 17, 2024
Spirit AeroSystems Wichita, Kansas facility © Shutterstock
In response to mounting financial difficulties and a decline in deliveries to Boeing Co., Spirit AeroSystems Holdings Inc. intends to trim its workforce by approximately 450 employees at its Wichita, Kansas headquarters. The reduced production of 737 Max airfr... Read More »
Friday May 17, 2024
Johan Lundgren
EasyJet’s chief executive, Johan Lundgren, will step down at the beginning of next year after seven years at the helm of the budget airline. The carrier is promoting its chief financial officer, Kenton Jarvis, to take his place, with Lundgren to hand over th... Read More »
Friday May 17, 2024
FLYHT and MBS have developed a secure wireless avionics software and onboard data loading solution © Shutterstock
FLYHT Aerospace Solutions (FLYHT) has announced a partnership with MBS Electronic Systems GmbH & Co. KG (MBS), a provider of secure data loading solutions that enable compliant avionics software maintenance and safer flight operations. The two companies ha... Read More »
Friday May 17, 2024
Azzora has taken delivery of its first A220-300 aircraft which will be leased to Breeze Airways © Airbus
U.S.-based aircraft lessor Azorra has taken delivery of its first A220-300 aircraft. The aircraft, delivered from the Airbus facility in Mirabel, Quebec, Canada, will be leased to Utah-based Breeze Airways. This is the first aircraft delivered out of the 22 A2... Read More »
Thursday May 16, 2024
Heart Aerospace ES-30 aircraft © Heart Aerospace
Swedish hybrid-electric aeroplane maker, Heart Aerospace, has opened a new research and development (R&D) hub in the United States. This strategic move comes as the company prepares to enter a new phase of hardware testing in developing its first regional ... Read More »
Thursday May 16, 2024
The Gulfstream G700 has earned EASA certification
Gulfstream Aerospace Corp., has released that the all-new Gulfstream G700 has received European Union Aviation Safety Agency (EASA) type certification, following the aircraft’s Federal Aviation Administration (FAA) type certification on March 29, 2024. “Th... Read More »
Thursday May 16, 2024
SIA Group (SIA) has posted its highest full year operating and net profits in the Group’s history as robust demand for air travel drives record passenger revenue and load factors. The demand for air travel remained buoyant throughout FY2023/24, boosted by a ... Read More »
Thursday May 16, 2024
Portugal will construct a new international airport in the municipality of Alcochete, across the River Tagus from Lisbon, Prime Minister Luis Montenegro announced on May 14, after decades of debate over the location, REUTERS news agency reported. The new airpo... Read More »
Thursday May 16, 2024
All Boeing 777s at SWISS have been equipped with AeroSHARK © SWISS
Over the past one and a half years, SWISS International Air Lines (SWISS) has equipped its entire Boeing 777-300ER fleet with AeroSHARK, the sharkskin technology from Lufthansa Technik and BASF. The AeroSHARK surface film mimics the flow-optimising characteris... Read More »
Thursday May 16, 2024
Finnair ATR aircraft © AirTeamImages
Finnair has suspended flights to Tartu for a month to introduce an approach solution that does not require a GPS signal at Tartu airport. Previously, the approach methods at Tartu airport were GPS-based, and GPS interference in the area occasionally prevented ... Read More »
Wednesday May 15, 2024
The U.S. Department of Transportation (DOT) has released its Air Travel Consumer Report (ATCR) for February 2024, detailing airline operational data on on-time performance, mishandled baggage, and mishandled wheelchairs and scooters. The ATCR aims to provide c... Read More »
Wednesday May 15, 2024
Norwegian and Strawberry have finalised an agreement to create a joint platform for their loyalty programmes, Norwegian Reward and Strawberry, which together boast 10 million members. Following an initial announcement in June last year, the arrangement has now... Read More »

2023 MEDIA KIT

Aviation Media Pack

Learn more on how AviTrader can expand your market

Please contact

Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada

Subscribe to the most widely accepted news source in the aviation industry!


Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.

Scroll to Top
AviTrader Publications Corp.

FREE
VIEW