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Boeing Amps Up Production to Meet Growing Asia-Pacific Demand

Brittany Umar
2/10/14 11:05 AM EST
Shares of Boeing are climbing on Monday after the plane manufacturer said it forecasts a surge of air traffic growth in the Asia-Pacific region over the next 20 years. Boeing forecast the fleet of aircraft in the region would triple over the next two decades. Boeing said the fleet would jump to 14,750 in 2032, up from 5,090 in 2012. The plane-maker estimates single-aisle airplanes will make up 69% of the new planes delivered to the Asia-Pacific region. Boeing said it will amp up productions of these types of planes, aiming to produce 47 of the jets per month by 2017.
Stock quotes in this video: BA

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