Boeing Is Bullish on Future of Airline Business

David Wilson discusses Boeing's optimistic $9 trillion market projection for aerospace and defense over the next decade, up from previous estimates. The recovery of global markets, especially domestic and regional air travel, is expected to drive demand for more planes. Boeing projects $3.2 trillion in spending on 19,000 jets over the next 10 years, with long-haul flights returning to pre-pandemic levels by 2024. Despite past challenges, including the 737 Max crashes, Boeing remains optimistic about future growth, which is crucial for stockholder confidence.

What is the significance of the $7.2 trillion projection in Boeing's twenty-year outlook?

How have Boeing's stockholders been affected by the company's past incidents?