Focus on efficiency

It’s no huge leap, but it is a big step. That’s the best way I’d describe our new Current Market Outlook (CMO) which I unveiled today in Paris. We’re forecasting the demand for 35,280 airplanes over the next two decades (up from 34,000 a year ago)—with a dollar value of $4.8 trillion.

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It’s no surprise that single-aisle airplanes will once again lead the way. We see 24,670 deliveries in this segment. But there’s still a huge pent up demand for twin-aisle airplanes, with 8,590 forecasted deliveries.

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The Asia-Pacific region, which includes China, will once again have the highest demand for new airplanes.

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If there’s one word I’d used to characterize what’s driving this year’s forecast, it would be “efficiency.” After dealing with high fuel prices and a very competitive market, airlines are demanding airplanes with high efficiency, low operating costs, environmentally progressive technologies and a great passenger experience. We’re stepping up to meet those demands with products like the new 737 MAX, the 777-X and the 787-10X.

I invite you to log on to our website to check out the full details of our 2013 CMO, as well as the video below we filmed at our new Everett Delivery Center.

Now, all eyes are turned to next week’s Paris Air Show. I got quite a few chuckles from reporters who attended today’s CMO briefing as I talked about air show order expectations. I told them our competition always puts on a show for the home fans by rolling out a wave of orders—and we don’t expect that to change this year.

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Speaking with one of the reporters who attended our CMO briefing in Paris.

The fact is, Boeing and Airbus have roughly split the market over the past decade. But you’d never know it from air show weeks during that period—where they outsold us two to one.

For Boeing, this show is about meeting with our customers and suppliers—while showcasing the capabilities of our products. We fully intend to do just that, while making things interesting along the way. See you from Le Bourget!

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It’s been nice and cool in Paris this week— perfect for touring places like the Notre Dame Cathedral.

Comments (4)

Matthew (San Diego):

The 777X is the intriguing factor here.

Despite a higher seat count, you've not labeled it a 'VLA'-type jet to avoid overlap with the 747 Intercontinental.

The pay-site here has produced some equally eye-opening factoids on the 777-X family and it is little coincidence that Randy/Boeing is confident about it.

http://www.strategicaeroresearch.com/2013/06/10/777x-outguns-a350-1000/

Although as a non-engineer, the thing which concerns me is the mating of the composite wing to a metallic fuselage; will Boeing avoid 787-type side-of-body issues? Appreciate your thoughts Randy.

Jun leido (Manila, Philippines):

Have a good time in Paris, Randy and I wish all the best for Boeing - with the show and orders!

Congratulations as well to Airbus and to the people who earned an honest living to bring A350 to reality. I love Boeing planes and will always think their better; but the day the A350 gets to fly for the first time, it owns the moment.

Now, let's steal the thunder with the 777x.

John Renavitz (North Brunswick, NJ USA):

Looking forward to the Paris Air Show. Hoping Boeing does book some orders for all of its products especially the 787. Noticed that the press is scrutinizing 787 issues on a daily basis. Glad the Dreamliner is flying again, and will be the centerpiece of the show for Boeing. Best of luck.

Norman (Long Beach, CA):

A lot could happen for Boeing in the Paris Air Show, the launch of the 777X program and the 787-10X and more sales of the 737 MAX. It's good to see a strong sales forecast with single aisles, small wide bodies and mid size wide bodies. The large wide bodies look like a hard sale but Emirates is not cutting back on A380s despite the economic slowdown. The regional jets by now have seemed to be a long term fad. Perhaps if Emirates is taking nearly 100 or even so A380s It might be worth
a though about launching a like size or slightly smaller VLA, a two engine, a much more efficient version than the Airbus double-decker, perhaps an equivalent to the 747-500/600X, a great Y3 project.

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