The Paris Air Show has just closed, and during that show week Airbus and Boeing signed more than $25 Billion in orders. Airbus signed orders for 142 aircraft worth USD $15 billion, including orders for 90 A320s. Boeing booked orders that totaled more than $11 billion, including commitments for 56 of its jets. Qatar Airways alone ordered six B777s, which cost $1,7 billion.
Boeing has raised their long-range forecast for commercial aircraft because of increases in passenger and cargo traffic. The company predicted that airlines would buy 33,500 planes through 2030. This is nearly a 9 percent increase from their last estimate.
Global air traffic is likely to continue growing at at least an average annual rate of more than five percent. Boeing announced they expected passenger traffic to almost triple over the next 20 years. And more passenger traffic means for aircraft are needed, and with more aircraft on-line, more pilots are needed.
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