Spain will require 410 new airplanes worth about $36bn over the next 20 years, according to Boeing’s annual forecast for the commercial airplane market.
Airplanes in the Boeing 737 size range will account for 70 percent of all commercial jetliners delivered to Spanish airlines over the next 20 years. Fifteen to sixteen percent will be twin-aisle airplanes such as the Boeing 777 and 787. Eleven percent will be smaller regional jets while the Boeing 747 size or larger represents three to four percent of the market.
As in Spain, the market for airplanes in all of Europe over the next 20 years will be significant.
Boeing projects European airlines will need 6,600 airplanes worth about $620bn until 2025. Of those, 68 percent will be single-aisle airplanes, while twin-aisle airplanes will account for 22 percent of all jetliners sold. Seven percent will be regional jets, and three percent will be 747 size or larger.
‘The percentage of smaller airplanes flown in Europe will increase as airlines meet public demand for more direct routes,’ said Drew Magill, director of Marketing, Boeing Commercial Airplanes. ‘Since 1990, the number of non-stop flights in Europe has grown at an average rate of about five percent and the average airplane size has fallen.’
Air traffic within Europe is expected to grow 3.4 percent per year over the next 20 years. Traffic on transatlantic routes between Europe and North America is projected to increase 4.5 percent annually. Worldwide, Boeing estimates the fleet will require 27,200 new jets by 2025 worth about $2.6tn.
‘Spain as well as Europe as a whole are very promising markets over the next 20 years,’ added Magill. ‘We see the rate of growth for passenger traffic outpacing overall economic growth in the region.’
The complete forecast, called the Boeing Current Market Outlook, is available on the Boeing Web at www.boeing.com/commercial/cmo.