By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    CFI Financial Group aims to expand in 4 new countries during 2023
    CFI Financial Group aims to expand in 4 new countries during 2023
    May 28, 2023
    New tax bill does not affect basic goods, presents simplified tax for small enterprises: Maait
    New tax bill does not affect basic goods, presents simplified tax for small enterprises: Maait
    May 28, 2023
    DisrupTech Ventures to invest $5m in 4 fintech startups before 2023-end
    DisrupTech Ventures to invest $5m in 4 fintech startups before 2023-end
    May 28, 2023
    Ministers of irrigation, environment participate in AUC’s ‘Act to Zero’ conference
    Ministers of irrigation, environment participate in AUC’s ‘Act to Zero’ conference 
    May 28, 2023
    Egypt hands over presidency of AfDB Group’s Board of Governors to Kenya
    Egypt hands over presidency of AfDB Group’s Board of Governors to Kenya
    May 28, 2023
  • Politics
    PoliticsShow More
    Map of alliances affects second round of Turkish presidential election
    Map of alliances affects second round of Turkish presidential election
    May 28, 2023
    Restoring Sudan's stability will have positive impact on region: Al-Sisi
    Restoring Sudan’s stability will have positive impact on region: Al-Sisi
    May 28, 2023
    Armed clashes occur between Iranian, Afghan border guards
    Armed clashes occur between Iranian, Afghan border guards
    May 27, 2023
    UN warns Yemen's food insecurity remains serious threat
    UN warns Yemen’s food insecurity remains serious threat
    May 27, 2023
    Uganda dispatches team to investigate deadly attack on its peacekeepers in Somalia
    Uganda dispatches team to investigate deadly attack on its peacekeepers in Somalia
    May 27, 2023
  • Interviews
    InterviewsShow More
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
    "Al-Asly" series saw my first leading role in TV drama: Reham Abdel Ghafour
    “Al-Asly” series saw my first leading role in TV drama: Reham Abdel Ghafour
    April 16, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Global market is forecast at almost 43,000 new airplanes through 2038: Boeing
Share
Notification
Latest News
CFI Financial Group aims to expand in 4 new countries during 2023
CFI Financial Group aims to expand in 4 new countries during 2023
Business
New tax bill does not affect basic goods, presents simplified tax for small enterprises: Maait
New tax bill does not affect basic goods, presents simplified tax for small enterprises: Maait
Business
DisrupTech Ventures to invest $5m in 4 fintech startups before 2023-end
DisrupTech Ventures to invest $5m in 4 fintech startups before 2023-end
Business
Map of alliances affects second round of Turkish presidential election
Map of alliances affects second round of Turkish presidential election
World Politics
Ministers of irrigation, environment participate in AUC’s ‘Act to Zero’ conference
Ministers of irrigation, environment participate in AUC’s ‘Act to Zero’ conference 
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Global market is forecast at almost 43,000 new airplanes through 2038: Boeing
Business

Global market is forecast at almost 43,000 new airplanes through 2038: Boeing

Daily News Egypt
Last updated: 2018/07/22 at 4:34 PM
By Daily News Egypt 4 Min Read
Share
(AFP Photo)
SHARE
 On the sidelines of the Farnborough International Airshow, Boeing revealed its 2018 Commercial Market Outlook, mentioning that the global market is forecast at almost 43,000 new airplanes, valued at $6.3tn, and demand for $8.8tn worth of commercial services through 2038, according to a statement from the company.

Boeing also announced a total of $98.4bn in orders and commitments for commercial airplanes at list prices, as well as $2.1bn in commercial and defense services orders and agreements. 

“Boeing led the way at Farnborough, demonstrating value for our customers, capturing important new business in products and services, and announcing the unique strength of our strategic partnership with Embraer. We also invested in our European communities and launched our new Boeing NeXt organisation—proving the future is built here, at Boeing,” said Boeing Chairperson, President, and CEO Dennis Muilenburg.

“We will continue to win in the marketplace thanks to our talented team, who innovate across our enterprise with One Boeing collaboration and deliver on our proven portfolio with relentless customer focus,” added Muilenburg.

Boeing marked an outstanding week for order capture in commercial aviation, with customers announcing 673 orders and commitments in total, reflecting a continued resurgence in demand for freighters and strong order activity for the 737 MAX and 787 passenger airplanes, the statement said.

Boeing secured 48 orders and commitments for the 777F and five for the 747-8F, reflecting continued strengthening in the cargo market globally, noted the statement.

Customers also continued to demonstrate a strong preference for Boeing’s passenger airplane portfolio, with 52 orders for the 787 and 564 for the single-aisle 737 MAX, including a major commitment from VietJet for 100 airplanes and strong demand for the largest variant of the MAX family, with 110 orders and commitments for the 737 MAX 10, said the statement.

On the services side of the business, Boeing secured commercial and government customers, including Antonov, Atlas Air, Blackshape, Cargolux, Emirates, EVA Airways, GECAS, Hawaiian Airlines, International Water Services, Malindo Air, Okay Airlines, Primera Air, Royal Netherlands Air Force, United States Air Force, WestJet, and Xiamen Airlines.

Additionally, Boeing and Embraer leaders held their first news conference together since announcing plans for a strategic partnership. Boeing Chief Financial Officer and Executive Vice President for Enterprise Performance & Strategy Greg Smith, Embraer Chief Executive Officer and President Paulo Cesar de Souza e Silva, and Muilenburg presented details of the proposed partnership, which includes ventures in commercial airplanes and lifecycle services, as well as defense.

During the show, Boeing also announced its collaboration with artificial intelligence company SparkCognition to deliver unmanned aircraft system traffic management (UTM) solutions. This announcement coincided with the launch of Boeing NeXt, an incubator organisation for future commercial mobility solutions that will shape the emerging world of travel and transport. Boeing NeXt will leverage the company’s research and development activities and investments in areas such as autonomous flight, smart cities, and advanced propulsion, and address transportation challenges of the future by moving people and goods with proven technology.

Boeing also highlighted its commitment to future aerospace innovators with a $5m investment in Newton Europe to launch Science, Technology, Engineering and Math (STEM) education “Newton Rooms” across nine European countries.

The show marked the launch of a new brand campaign, “The Future is Built Here”, highlighted by a dynamic exhibit that featured interactive virtual and augmented-reality displays that showed visitors Boeing’s commercial and defense products, service offerings, and future innovations.

You Might Also Like

CFI Financial Group aims to expand in 4 new countries during 2023

New tax bill does not affect basic goods, presents simplified tax for small enterprises: Maait

DisrupTech Ventures to invest $5m in 4 fintech startups before 2023-end

Ministers of irrigation, environment participate in AUC’s ‘Act to Zero’ conference 

Egypt hands over presidency of AfDB Group’s Board of Governors to Kenya

TAGGED: airplanes, Boeing
Share this Article
Facebook Twitter Email Print
Previous Article Most significant danger is trying to internally ‘explode’ country with rumours, frustration: Al-Sisi
Next Article After 33 years, Egyptian, Sudanese discussions to revive Nile Valley parliament
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

CFI Financial Group aims to expand in 4 new countries during 2023
CFI Financial Group aims to expand in 4 new countries during 2023
Business
New tax bill does not affect basic goods, presents simplified tax for small enterprises: Maait
New tax bill does not affect basic goods, presents simplified tax for small enterprises: Maait
Business
DisrupTech Ventures to invest $5m in 4 fintech startups before 2023-end
DisrupTech Ventures to invest $5m in 4 fintech startups before 2023-end
Business
Map of alliances affects second round of Turkish presidential election
Map of alliances affects second round of Turkish presidential election
World Politics
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?