Boeing predicts that European passengers will develop by three% per yr over the following 20 years

© Reuters. FILE PHOTO: The Boeing logo appears on a screen on the New York Stock Exchange (NYSE) in New York, United States on August 7, 2019. REUTERS / Brendan McDermid

LONDON (Reuters) – Boeing's Vice President of Commercial Marketing (NYSE 🙂 forecast on Monday that European passenger traffic would grow 3.1% annually over the next 20 years, and said demand for aircraft in the region will continue to rise as the recovery from COVID-19 progresses.

Darren Hulst, VP of Commercial Marketing at US aircraft manufacturer Boeing, said that 700 aircraft would need to be replaced in the short term in Europe due to the aging fleet in the region.

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