The Boeing Company (NYSE:BA) disclosed that it forecasts a 3% increase in airplane deliveries over the next 20 years, estimating a need for nearly 44,000 new commercial airplanes by 2043. The global commercial fleet is expected to grow at an annual rate of 3.2%, slower than air traffic growth, as airlines enhance productivity by raising load factors and utilizing airplanes for more hours each day. Boeing expects that emerging markets and global single-aisle market demand will be the main growth drivers for the industry. By geographies, Boeing projects South Asia’s passenger traffic to grow by 7.4%, followed by Southeast Asia at 7.2% and Africa at 6.4%. Also, Eurasia will lead airplane deliveries with 22%, while North America and China will each account for 20%. By ...