Boeing targets 2012 boost

Boeing has predicted there will be a renewed demand for aircraft in 2012, following on from a global economic recovery in the coming year.

Boeing executives have stated that airlines should recover to profitability but its civilian division does expect aircraft deliveries to fall this year to between 460 and 465 planes; down from 481 in 2009 when 270 orders for Boeing planes were deferred and 120 cancelled.

“We see 2010 as the year of economic recovery and 2011 a year where airlines recover to profitability,” said Boeing plane marketing boss Randy Tinseth.

“As a result of that [we see] an increase in demand for airplanes in 2012,” he said.

Boeing shares actually rose 1.8% this week while Northrop Grumman gained 2.3% on the back of a 3.4% increase in the US defence budget.

Last year saw a flurry of deferrals and cancellations of aircraft orders but this year should see the situation improve, Boeing’s Mr Tinseth predicted during the Singapore air show.
Boeing also said it would deliver the first 787 Dreamliner to All Nippon Airways by the end of the year after a series of delays.