Boeing Says Over 900 Aircraft Needed

Boeing says single-aisle airplanes will dominate deliveries to Germany, with carriers requiring 620 single-aisle jetliners valued at approximately $43 billion.

European airlines based in Germany will need 170 twin-aisle airplanes valued at $34 billion, or 40 percent of the total volume, said Boeing last week from Hamburg. Furthermore, 70 airplanes as large as a 747 -- or bigger -- will also be required to meet German passenger service demands, representing another $20 billion in sales.

Airlines in Europe will require around 6,670 new aircraft over the next 20 years—according to Boeing—corresponding to a value of $660 billion.

"Single-aisle and twin-aisle airplanes seating 100 passengers or more account for 85 percent of the future market demand in units and 78 percent in terms of value in Germany," said Drew Magill, director, Marketing, for Boeing Commercial Airplanes. "These airplanes will serve the growing demand for nonstop flights, connecting an increasing number of city pairs.

"New products such as the 787 and the 747-8 will benefit the region with enhanced environmental performance, passenger comfort and efficiency," Magill said.

More than half of the German fleet of passenger aircraft-- about 520 jetliners -- will be for replacement replacing older noisier, and less efficient aircraft with new-technology. The remaining 410 airplanes will meet growth requirements in the German market.

This growth is motivated by continued economic integration and liberalization.

Boeing estimates the total aircraft fleet in Europe will increase to around 7,660 aircraft until 2026. The major part of the delivered aircraft will be for single-aisle airplanes (4,630), with twin-aisle aircraft accounting for 1,360 and aircraft of the 747-or-larger size category accounting for 230 aircraft.

FMI: www.boeing.com