BOOTS FOR THE WORLD: Over the next 20 years, 6300 billion dollars worth of planes will be sold – International

The US aircraft manufacturer "Boeing" Co. has improved yesterday's estimates of passenger and freight sales over the next 20 years after solid orders received in the first two days of Farnborough's aerospace show has highlighted the industry's resilience to global trade tensions, according to Agerpres.
According to the latest "Boeing" forecasts, airlines around the world will need 42,700 new aircraft worth $ 63 trillion over the next 20 years, compared to 41,030 new aircraft, valued at 6050 billion dollars, which he estimated a year ago.
The US company estimates that 31 360 new aircraft, instead of the 29 530 new aircraft previously estimated, will be delivered to the monocular segment, the "dairy cow" of the two major aircraft manufacturers ("Boeing" and Airbus ") and also the type the most popular airline for low-cost airlines.Beeing also improved its estimates of the global demand for cargo aircraft to 980 new aircraft, compared with 920 aircraft a year ago, due to the growth of e-commerce, especially in China.
Instead, "Boeing" has revised down its estimates for large aircraft, with 140 units, up to 8070 aircraft. Boeing estimates of the demand for 39, regional aircraft, up to 2320 deliveries, are also presented below.
Boeing Vice President, Randy Tinseth, pointed out that the "Boeing" forecast could be revised if regional aircraft became would be more efficient or if their operating cost would be reduced. "Whenever this happens, the demand will go where the lowest cost is possible," Randy Tinseth said.
Boeing's estimates highlight the aeronautical sector's dependence on emerging markets, and generally China, making the US aircraft manufacturer vulnerable to a possible escalation of trade tensions between Washington and the United States. China. Last year, nearly a quarter of Boeing aircraft were delivered to Chinese customers, one of the most powerful aerospace markets in the world.
At a press conference, Randy Tinseth said that in the next 10-15 years, China will overtake the United States from the position of the largest domestic aerospace market. Instead, Tinseth declined to comment on the consequences of Washington's decision to impose Chinese tariffs. "We are going to focus on what we can control," Tinseth concluded.
Earlier this month, European airline manufacturer "Airbus" improved its estimates of global demand for passenger and cargo aircraft over the next 20 years. "Airbus estimates that between 2018 and 2037 worldwide, 37,390 new passenger and cargo planes will cost $ 5800 billion, or 7% (or 2,500 units) more than the 34,900 devices worth $ 5,300 billion as estimated by the United States. 39. The European manufacturer claims that the main factors that will support this demand will be the increase in private consumption in emerging economies, the increase in disposable incomes and double the global average.