Boeing Sees Market Growth Slowing on Fewer Jumbo Jets

Boeing Co. said growth in industry plane deliveries will slow in the next 20 years as demand for jumbo jets and freighters wanes, with the global fleet expanding at less than a fifth of the rate predicted in 2011.

Airlines will take 34,000 new planes valued at $4.5 trillion through 2031, Chicago-based Boeing said today. That’s a 1.5 percent increase from a 33,500-jet estimate last year, when the planemaker raised its two-decade forecast by 8.4 percent.