Commercial aviation market takes off

Commercial aviation market takes off

Growing demand for aircraft, especially from Asia’s low cost airlines, has led to industry giant Boeing increasing its forecast for new orders by 4.2 per cent from last year. The firm is expecting to supply 36,770 new planes over the next two decades. Narrow body planes (the ones with a single aisle) is where much of the demand will be. The firm has a backlog of over 2000 orders for its revamped 737 already. China is a growth market as demand for low cost short-haul travel increases in the country. Read the full story.