Boeing Co. will work through its backlog of 787 Dreamliner orders through the end of this decade before another surge in sales of the wide-body commercial jets begins, according to the aerospace giant’s latest market outlook.
Boeing’s forecast, released on the first day of the rain-soaked Farnborough International Airshow in England, calls for 9,100 deliveries of wide-body airplanes over the next 20 years. The company predicts “a large wave of potential replacement demand” from 2021 to 2028 for Dreamliners that will take the place of aging planes in fleets worldwide.
“Demand for the 787 will certainly start to climb again toward the end of this decade and the start of the next,” said Saj Ahmad, chief analyst with StrategicAero Research in London. Ahmad said there are plenty of gas-guzzling Airbus A340s and older model Boeing 777-200s and 777-200ERs that will need to be replaced by the fuel-efficient Dreamliner.