Anyway, in the release Boeing projects the market for new airplanes valued at $3.2 trillion over next 20 years and replacement demand increasing to 43 percent in light of higher fuel costs.
In the release Boeing says "The influence of current market conditions is clearly reflected in the 2008 outlook, with replacement airplanes taking a greater share of demand
(43 percent) than previously forecast (36 percent) -- due to the loss of economic viability of older aircraft in light of higher fuel costs."
In addition, Boeing is forecasting a slightly smaller fleet size at the end of the 20-year period (35,800) than predicted in the previous outlook (36,400). Compared with today's world fleet of 19,000 units, this represents an annual increase of 3.2 percent per year -- the same as the
estimated economic growth rate.