Boeing Expects that the Aviation Industry will Gradually Return to the Level of 2019 in Two Years

Boeing expects that the aviation industry will gradually return to the level of 2019 in two years and is actively preparing for production capacity

Author Atkinson | Release Date September 15, 2021 16:50 | Categories Corporate Governance, Cutting-edge Technology, Aerospace Technology Telegram share! Follow us in feedly

US financial media “CNBC” reported that Boeing, one of the world’s leading aviation companies, stated that the commercial aviation industry has not developed as expected due to the epidemic in the past two years, but the commercial aviation industry will continue to grow in the next 20 years, 2040 The global commercial aircraft fleet will increase from 25,900 in 2019 to 49,405 in 2019, and 90% of the increased commercial aircraft will be new models during the epidemic.

The report quoted Boeing that the global military and civil aviation industry output value will reach 9 trillion U.S. dollars in the next 10 years, which is 500 billion U.S. dollars more than Boeing’s 2020 expectation, which is also the highest record. The main reason for boosting the output value of the global aviation industry is the recovery of the global aviation industry after the epidemic. Boeing emphasized that during the epidemic, the performance of the global commercial aviation industry on international routes fell by 74%, and the performance of domestic aviation fell by 16%. In the post-epidemic era from 2023 to 2024, the global commercial aviation industry is expected to return to the level of 2019.

According to statistics, in 2020, Boeing and Airbus will deliver a total of 723 passenger planes to various airlines. Although the recovery is slow, the performance continues to be steady. Boeing and Airbus predict that in 2021, a total of about 900 passenger planes will be delivered to airlines around the world. In the next 10 years, the two companies will deliver about 19,000 passenger planes, mostly single-aisle narrow-body passenger planes, such as Airbus A320 and Boeing 737 MAX.

Regarding Boeing, the global airlines banned Boeing 737 MAX from flying for one and a half years. Boeing steadily increased the number of 737 MAX deliveries, which gradually warmed up Boeing’s operations. Boeing strives to manufacture and deliver more than 400 737 MAXs. The new aircraft is ordered by the global aviation unit before the Boeing 737 MAX is flown. The delivery has been gradually completed not long ago. The delivery of the last new aircraft on the order is expected to be completed before the end of 2022.

In addition to the development of the passenger aircraft market, more attention is paid to the delivery of cargo aircraft. The global demand for cargo transportation continues to increase, so that the demand for cargo aircraft is also increasing. According to statistics, in 2019, only about 1,000 freighters will perform business in the world, but by 2040, there will be 3,500 freighters worldwide. In order to respond to demand, Boeing is actively revising the production line of passenger aircraft into cargo aircraft, expanding from 8 to 13 in order to meet the demand for cargo aircraft from all over the world.