Boeing Sees 4.2% Gain in Airliner Market to $5.2 Trillion

Boeing Co. predicts demand in Asia will push commercial aircraft sales to $5.2 trillion over the next 20 years, as China overtakes the U.S. as the world’s largest aviation market.

Boeing, which makes more planes than anyone else, is projecting 4.2 percent more jetliner sales than it did in last last year’s forecast even with global shocks that periodically restrain transactions, said Randy Tinseth, vice president of marketing at Boeing’s commercial airplane unit. The outlook helps steer Boeing’s long-range planning for aircraft production.