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Boeing Co. predicted airlines will need 43,600 new aircraft over the next 20 years, with markets like China and Southeast Asia leading the push as greater prosperity gives more people the means to travel.
Boeing expects global demand for air travel to increase by more than 40% by 2030, driving the need for thousands of new jetliners in the next few years, according to its 20-year demand forecast for commercial airliners released Sunday ahead of the Paris Airshow.
A London-bound Air India plane carrying more than 240 people crashed shortly after takeoff Thursday. Authorities said there were no known survivors.
The crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.
Boeing delivered a new 787-9 aircraft to China's Juneyao Airlines on Saturday, Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease.
Despite its current price of approximately $205, which may seem like a reasonable valuation, we do not consider Boeing stock to be a compelling investment at this moment.
Last year, the F.A.A. said it was also investigating claims by a Boeing engineer that parts of the fuselage, or body, of the Dreamliner were improperly fastened together, which the whistle-blower said could cause premature damage to the plane over years of use.
Boeing is forecasting strong growth in aviation despite recent crash, with demand for 43,600 new planes by 2044.
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