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Boeing sees no traffic recovery until 2011

9-Sep-2009 11:21 AM

Boeing Commercial Airplanes, VP of Marketing, Randy Tinseth, stated the manufacturer expects the global aviation market to recover in 2011 and return to growth in 2012, lagging the economic recovery. He also reaffirmed the company’s target of 480-485 aircraft deliveries in 2009 and confirmed that the manufacturer is confident the B787 will conduct its first test flight during 4Q2009 and begin deliveries in 4Q2010. Boeing intends to freeze production of B737 at 31 units per month, but will cut B777 production rates from seven to five a month from Jun-2010.

Boeing Commercial Airplanes: "Next year will be a year of economic recovery, 2011 will be a year of airline industry recovery and then in 2012 airlines will probably increase their demand for new airplanes," Randy Tinseth, VP of Marketing. Source: Reuters, 08-Sep-2009.