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Boeing Sees $5.9 Trillion Airplane Market Despite Recent Turmoil

  • ‘Middle of market’ aircraft will drive demand, company says
  • Brexit, commodities crash won’t hurt sales over long term

Airlines will order new planes valued at $5.9 trillion over the next two decades to keep pace with rising air travel as more people take to the skies in emerging nations such as China, according to a Boeing Co. forecast.

Looking past recent economic turmoil from Brexit to a commodities crash that has spooked aerospace investors, Boeing boosted its long-term forecast 4.1 percent from a year earlier, predicting total sales of 39,620 jetliners across the industry.

“The aviation sector will continue to see long-term growth...