Boeing forecasts that air carriers in North America will take delivery of about 7,200 new airplanes over the next 20 years at an investment of $700 billion.
New airplane deliveries in Canada and the United States will be driven largely by the need to retire older, less fuel-efficient single-aisle airplanes and regional jets, as airlines replace them with new-generation, more fuel-efficient models. For the Boeing forecast, the North America market consists of the U.S. and Canada. Mexico is included in Boeing’s forecast for Latin America.
“North America is a large, mature market, and we expect passenger traffic for the region to grow at a modest rate of 3.4%,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “The fast-paced lifestyles in Canada and the U.S. require rapid, frequent and reliable coast-to-coast and interregional transportation. Driven by this demand, nearly three-quarters of the new deliveries over the next 20 years will be single-aisle airplanes.”
Taking retirement of airplanes into account, the North America fleet will grow from 6,590 airplanes today to about 9,000 airplanes by 2029.
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