E.
MCCLARENCE
Aerospace Industry
set fair for a
bright future
Abrasives makers looking
to supply materials to
the tooling market for
the aerospace will be
contemplating the latest
forecast from Boeing
that the next 20 years
will see the market for
commercial aircraft to a
whopping US$3.6
trillion.
This forecast, from
Boeings 2010 current
market outlook, predicts
a demand for 30,900 new
commercial passenger and
freight aircraft by
2029. The report also
coincided with the
appearance of the
company’s new
lightweight Dreamliner,
three years late, but
making its debut at the
all-important
Farnborough Air show
over the weekend.
Boeing’s report sees
passenger traffic
growing at 5.3% over
the long-term,
driven by economic
growth from regions
with diverse needs.
It believes that the
single-aisle
airplane segment
wilntinue to
dominate growth
2010-07-15
Fig. 1.Dreamweaver’s first UK appearance at the Farnborough International
Airshow.
!
General Trends
While the company president of
recognises that Marketing, Boeing
there are still Commercial
challenges are Airplanes, says,
result of the global (Both passenger and
downturn, Boeing cargo travel will
sees the global growth this year.
economic growing Airline revenue and
above the long-term yields are up. But
trend this year. fuel prices remain
Randy Tinseth, vice volatile.”
will continue to instability of fuel
dominate growth prices. According to
Boeing’s report the
worldwide. This, it single-aisle
says, is due to the segment has outpaced
proliferation of long-haul markets
low-cost carriers, over the last decade
emerging markets and will continue to
trend upward as
such as India, China older fleets are
and Southeast Asia retired.
and continuing
 E. MCCLARENCE 2010-07-15

Strong growth in Asia

The Middle East, will see substantial
The Asia-Pacific which has been one of demand for replacement
region shows the most the fastest growing airplanes as they
robust market gains, regions for air retire aging less-
with China leading the travel in recent efficient jets. Robust
way."Today, about one- years, represents growth in emerging
third of all airline another very strong markets with dynamic
traffic touches the market. Airlines in populations and
Asia-Pacific region, the Middle East have growing incomes will
and as a result of the been growing rapidly lead toward a more
growth in this market, by taking advantage balanced airplane
by 2029 almost 43 of geography, demand worldwide.
percent of all traffic demographics,
will be to, from, or airplane technology Boeing predicts that
within the region," and well-coordinated airlines will grow by
said Tinseth. The growth and investment
airlines of the Asia- responding to their
plans.
Pacific region also passengers' preference
will be the largest It’s not bad news for for more flight
buyer of twin-aisle
the west either. The choices, lower fares
airplanes -- about 40
percent of the total report forecasts that and direct access to a
North American and wider range of
demand.
European markets destinations.
 

Air carriers will East customers. five of the craft.

focus on offering more Around the world the
flights using more As the Dreamliner made
Dreamliner orders
efficient airplanes, its debut in the UK,
rather than on using Thomson Airways, the already add up to more
significantly larger airline division of than 700.
airplanes. As a the UK’s largest
result, the market for package holiday
large airplanes (747 company operating
and larger) is small Thomson and First Global Freighter Fleet
at 720 airplanes. But Choice holidays has Forecast Updated
it remains an also announced it will
important market buy eight of the new There will be
segment with a value aircraft which will significant growth in
of $220 billion. It is take delivery in freight transport too.
a market largely for 2012.It will be the Boeing projects the
replacement of first company in the world freight fleet to
existing airplanes, UK to have craft increase from 1,750 to
not additional growth, operational. TUI 2,980 airplanes -- an
with 45 percent of the Travel PLC, Europe’s increase of more than
demand from Asian leading travel company two-thirds. This
customers and 23 and Thomson’s parent growth will require
percent from Middle will take a further 2,490 freighters.
 E. MCCLARENCE 2010-07-15

Boeing will be adding

to the fleet with its
740 new-production
freighters (worth $180
billion at today's
prices) and 1,750
airplanes converted
from passenger models.
Large (more than 88.2
tons capacity/80
tonnes) freighters
will account for 520
new-build airplanes.
Medium (44.1 to 88.2
tons/40 to 80 tonnes)
freighters will total
210 airplanes.
Virtually all of the
standard-body !
freighters (49.6
tons/less than 45
tonnes) are expected Boeing estimates forecast upward,"
to come from will reach nearly said Tinseth.
conversions of 14 percent over "However, the
passenger airplanes. full-year 2009 strength of the
levels -- a industry and its
While the recession significant spike growth will
hit air cargo traffic in the 20-year continue to be
significantly in 2009, growth projection. driven by sound
Boeing forecasts that fundamentals --
world air cargo "The inclusion of speed and
traffic will increase the high-traffic reliability,
at an annual average growth levels in consumer product
of 5.9 percent through 2010, following the innovation and
2029 from this low recession, is global industrial
base. Included is the driving our cargo interdependence."
 
current strong year
traffic growth that