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Europe's low-cost carriers to drive jet demand over next 20 yrs -Boeing

Europe's low-cost carriers to drive jet demand over next 20 yrs -Boeing

9/21/2021 10:25:00 AM

Europ e's low-cost carriers to drive jet demand over next 20 yrs -Boeing

Planemaker Boeing said that Europ ean low-cost carriers would help drive demand for new aircraft in the region over the next 20 years, as airlines replace their ageing fleets with more fuel-efficient jets.

2 minute readA Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey//File PhotoLONDON, Sept 21 (Reuters) - Planemaker Boeing(BA.N)said that European low-cost carriers would help drive demand for new aircraft in the region over the next 20 years, as airlines replace their ageing fleets with more fuel-efficient jets.

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Boeing said on Tuesday that it expects airlines in Europe to order 7,100 new single-aisle planes, usually used for short haul trips, between now and 2040, with low-cost specialists like Ryanair(RYA.I)behind that demand.In fact, Europe's demand for planes will be even more strongly driven by low-cost carriers than elsewhere in the world, said Boeing vice president, commercial marketing Darren Hulst.

"Globally our forecast in general is about 40% of single aisle demand is low-cost carrier, and I would say you could argue in this European space that number would be slightly higher," he told a press briefing.In the widebody or long-haul sector, Boeing is expecting demand for 1,545 new jets in Europe over the 20-year period. headtopics.com

Of the 7,100 new single aisle jets, where Boeing's 737 jets compete against Airbus's A320 and A321s, Hulst is expecting demand for close to 3,000 to come in the next ten years. Read more: Reuters Top News »

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