Boeing raises 20-year sales forecast by 2.8pct, but worldwide fleet size tipped to fall

Boeing has released its 2008-2027 Current Market Outlook ahead of the Farnborough Air Show, predicting the world's airlines will acquire 29,400 new aircraft over the next 20 years, valued at USD3.2 trillion. Average annual passenger and cargo growth of 5.0% and 5.8% is expected over the forecast period, respectively. More than 30% of the forecast deliveries are already in manufacturer backlogs, as a result of strong orders over the last three years.