Latest news with #Boeing737MAX
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First Post
19 hours ago
- Business
- First Post
Boeing expects airlines to need almost 44,000 new aircraft in next 20 years
The planemaker expects single-aisle jets to dominate global fleets, increasing their share to 72 per cent from the current 66 per cent. Models like Boeing's 737 Max and Airbus's A320neo remain in high demand as airlines look to expand capacity read more The Boeing logo is seen on the side of a Boeing 737 MAX. File image/Reuters Boeing Co. said Monday (June 16) it expects airlines to need 43,600 new aircraft globally over the next 20 years, with emerging markets in China and Southeast Asia driving demand as rising incomes allow more people to travel. The forecast is slightly lower than Boeing's estimate a year ago, when the US aerospace giant projected a need for 43,975 aircraft through 2043. The downward revision reflects a more cautious outlook on global economic growth, the company said, according to a report by Bloomberg. STORY CONTINUES BELOW THIS AD Despite concerns about trade tensions and tariffs imposed by President Donald Trump, Boeing remains confident in long-term demand, citing the aviation industry's ability to rebound from past geopolitical and economic disruptions, including the COVID-19 pandemic. 'At the end of the day, our market has proven to be both resilient and a growth industry,' said Darren Hulst, Boeing's vice president of commercial market, during a media briefing on June 10. Boeing anticipates the worldwide commercial fleet will double to 49,600 aircraft by 2044. That forecast aligns with recent projections from European rival Airbus SE. The company also said that by then, carriers in emerging economies will operate more than half the world's jetliners, up from nearly 40 per cent in 2024. The planemaker expects single-aisle jets to dominate global fleets, increasing their share to 72 per cent from the current 66 per cent. Models like Boeing's 737 Max and Airbus's A320neo remain in high demand as airlines look to expand capacity. But meeting that demand remains a challenge. Boeing and Airbus are still producing aircraft at rates comparable to a decade ago, even though air travel has surged since the pandemic. According to Hulst, the companies have manufactured around 1,500 fewer planes than originally planned. Bridging the shortfall will depend on whether both manufacturers can return to pre-pandemic delivery levels — and eventually surpass them. STORY CONTINUES BELOW THIS AD 'That probably takes at least until the end of the decade,' Hulst said.
The Star
2 days ago
- Business
- The Star
Boeing resumes China deliveries with 787-9 jet to Juneyao Airlines, Yicai reports
The interior of a British Airways Boeing 787-9 Dreamliner. Boeing has delivered a new 787-9 aircraft to China's Juneyao Airlines. - Samuel Ong/The Star BEIJING/HONG KONG: Boeing delivered a new 787-9 aircraft to China's Juneyao Airlines on Saturday (June 14), Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease. The delivery comes two days after a Boeing 787-8 Dreamliner with 242 people on board crashed in a fireball shortly after takeoff in western India. Boeing and Juneyao Airlines did not immediately reply to Reuters requests for comment on the Yicai report. The US aerospace giant had suspended new aircraft deliveries to China in April as President Donald Trump's tariff war escalated between the world's two largest economies. Boeing said at the end of May that deliveries would resume this month after the tariffs were temporarily scaled back for 90 days. China and the US concluded two days of negotiations in London on Tuesday to resolve key trade issues in the two superpowers' bruising tariff war, where negotiators from Washington and Beijing agreed on a framework covering tariff rates. On Monday, a new Boeing 737 MAX painted in the livery of Xiamen Airlines landed in China, adding to signs that the planemaker was resuming deliveries to China. The country represents about ten per cent of Boeing's commercial backlog and is an important and growing aviation market. Boeing had previously said customers in China would not take delivery of new planes due to the tariffs and that it was looking to resell potentially dozens of aircraft. - Reuters
Straits Times
3 days ago
- Business
- Straits Times
Boeing resumes China deliveries with 787-9 jet to Juneyao Airlines, Yicai reports
BEIJING/HONG KONG - Boeing delivered a new 787-9 aircraft to China's Juneyao Airlines on June 14, Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease. The delivery comes two days after a Boeing 787-8 Dreamliner with 242 people on board crashed in a fireball shortly after takeoff in western India. Boeing and Juneyao Airlines did not immediately reply to Reuters requests for comment on the Yicai report. The US aerospace giant had suspended new aircraft deliveries to China in April as President Donald Trump's tariff war escalated between the world's two largest economies. Boeing said at the end of May that deliveries would resume this month after the tariffs were temporarily scaled back for 90 days. China and the US concluded two days of negotiations in London on June 10 to resolve key trade issues in the two superpowers' bruising tariff war, where negotiators from Washington and Beijing agreed on a framework covering tariff rates. On June 9, a new Boeing 737 MAX painted in the livery of Xiamen Airlines landed in China, adding to signs that the planemaker was resuming deliveries to China. The country represents about 10 per cent of Boeing's commercial backlog and is an important and growing aviation market. Boeing had previously said customers in China would not take delivery of new planes due to the tariffs and that it was looking to resell potentially dozens of aircraft. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Sun
3 days ago
- Business
- The Sun
Boeing resumes China deliveries with 787-9 jet to Juneyao Airlines, Yicai reports
BEIJING/HONG KONG: 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. The delivery comes two days after a Boeing 787-8 Dreamliner with 242 people on board crashed in a fireball shortly after takeoff in western India. Boeing and Juneyao Airlines did not immediately reply to Reuters requests for comment on the Yicai report. The U.S. aerospace giant had suspended new aircraft deliveries to China in April as President Donald Trump's tariff war escalated between the world's two largest economies. Boeing said at the end of May that deliveries would resume this month after the tariffs were temporarily scaled back for 90 days. China and the U.S. concluded two days of negotiations in London on Tuesday to resolve key trade issues in the two superpowers' bruising tariff war, where negotiators from Washington and Beijing agreed on a framework covering tariff rates. On Monday, a new Boeing 737 MAX painted in the livery of Xiamen Airlines landed in China, adding to signs that the planemaker was resuming deliveries to China. The country represents about 10% of Boeing's commercial backlog and is an important and growing aviation market. Boeing had previously said customers in China would not take delivery of new planes due to the tariffs and that it was looking to resell potentially dozens of aircraft.
The Sun
3 days ago
- Business
- The Sun
Boeing resumes China deliveries with 787-9 to Juneyao
BEIJING/HONG KONG: 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. The delivery comes two days after a Boeing 787-8 Dreamliner with 242 people on board crashed in a fireball shortly after takeoff in western India. Boeing and Juneyao Airlines did not immediately reply to Reuters requests for comment on the Yicai report. The U.S. aerospace giant had suspended new aircraft deliveries to China in April as President Donald Trump's tariff war escalated between the world's two largest economies. Boeing said at the end of May that deliveries would resume this month after the tariffs were temporarily scaled back for 90 days. China and the U.S. concluded two days of negotiations in London on Tuesday to resolve key trade issues in the two superpowers' bruising tariff war, where negotiators from Washington and Beijing agreed on a framework covering tariff rates. On Monday, a new Boeing 737 MAX painted in the livery of Xiamen Airlines landed in China, adding to signs that the planemaker was resuming deliveries to China. The country represents about 10% of Boeing's commercial backlog and is an important and growing aviation market. Boeing had previously said customers in China would not take delivery of new planes due to the tariffs and that it was looking to resell potentially dozens of aircraft.
