Business News
Boeing reports weaker growth in aircraft orders
Jun 11, 2009, 17:44 GMT
London - US aircraft manufacturer Boeing reported in London on Thursday reported that it was expecting weaker long-term growth in commercial passenger and freighter aeroplanes.
Boeing said it expected a market for 29,000 such aircraft by 2028. The company had previously forecast a total of 29,400.
Rising prices would ensure that the already expected goal of 3.2 trillion dollars would be reached, the company said.
According to Boeing analysts, the worldwide market for transport aircraft following the current slowdown is expected to stabilize eventually and return to growth.
The company expects an average yearly growth rate of 4.9 per cent over the next 20 years.
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