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Boeing forecasts European passengers will grow 3% per year over next 20 years By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO. The Boeing logo appears on a New York Stock Exchange screen, New York (USA), August 7, 2019. REUTERS/Brendan McDermid

LONDON (Reuters) – Boeing (NYSE:)’s vice president of commercial marketing forecast on Monday that European passenger traffic would grow by 3.1% per year over the next 20 years, and said demand for planes in the region would keep rising as the COVID-19 recovery progresses.

Darren Hulst from the U.S. planemaker Boeing, VP of marketing for commercial, stated that Europe’s fleet of 700 older aircraft is likely to need replacement in the immediate future.

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