Boeing is predicting a $2.4 trillion market for commercial aviation services as this industry sector continues to grow over the next two decades.
At the Farnborough Air Show, Lou Mancini, senior vice president, Commercial Aviation Services, Boeing Commercial Airplanes, said the market for services is expected to grow at an annual rate of 4 percent in the next 20 years, with growing opportunities to help aviation customers succeed in a highly competitive marketplace.
“Airlines are looking for every possible advantage to succeed, from efficiencies in maintenance services to breakthroughs in flight operations and information technology,” Mancini said. “Demand for this kind of support and services is only going to grow as fuel prices remain high, fleet size increases and airlines look for ways to improve their overall operations and reduce costs while focusing on their core business, serving passengers.”
