Canadian plane and train maker Bombardier Inc said on Tuesday it expects 60- to 150-seater airplanes to drive future growth in the commercial aircraft industry.
Bombardier Commercial Aircraft said it forecasted 12,550 deliveries in the category over a roughly 20-year period. It pegs the total market value at $820 billion with the small single-aisle segment responsible for around 70 percent of revenue.
Small single-aisle aircraft deliveries are forecast at 6,800 units over the period, with revenue at $580 billion, the Bombardier unit said in a comprehensive forecast, adding that overall demand will be driven in part by replacing older planes and opening new global routes. (http://bit.ly/2eSoCsv)
Bombardier, with its C Series and CRJ Series jets, is the leader in the 60- to 150-seat aircraft category.
Bombardier also said it continued to view North America and Europe as the largest markets for new aircraft.
Shares of Montreal-based Bombardier were up 1 percent at C$2.44 on the Toronto Stock Exchange. (Reuters)