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Boeing is Bullish Long-Term Forecast for Jetliner Demand

The Boeing Company just raises long-term forecast for new airplane demand by 4.2%.  In next two decades, the commercial market for jet aircraft will expect to delivers about 36,770 new airplanes with total value of $5.2 trillion.

Mostly of airplanes will be sold in the Asia Pacific region. There is a huge demand for single-aisle planes due to a projected increase in the low-cost carriers and a large share of will be in China.

Boeing’s 787 and 77X jets make up 65% of all current orders already.

Randy Tinseth, Boeing's vice president of marketing said that the market for airplanes as "strong and resilient."

Boeing’s stock hit all time high this year.