Boeingforecasts that air carriers inNorth Americawill take delivery of 7,530 new airplanes over the next 20 years at a market value of$760 billion. Taking retirements of airplanes into account, theNorth Americafleet will grow from 6,610 airplanes today to about 9,330 airplanes by 2030.

Demand inthe United StatesandCanadawill focus primarily on single-aisle jetliners. This is driven by the need to replace aging airplanes with new, more fuel-efficient airplanes. For the purposes of the Boeing forecast, theNorth Americamarket consists of the U.S. andCanada.Mexicois included in the forecast forLatin America.

"The North American commercial aviation market improved for a second consecutive year with passenger traffic growth at a modest 3 percent," saidRandy Tinseth, vice president of Marketing, Boeing Commercial Airplanes, who released Boeing's 2011 North America market outlook today inMontreal. "The region's airline industry is poised for long-term, moderate growth. Airlines are expected to continue focusing on capacity discipline and improving financial performance."

Boeing forecasts single-aisle airplanes will grow to 73 percent of the totalNorth Americafleet by 2030. A majority of this increased growth in the single-aisle category is related to traffic traveling to and from economically dynamic regions in Central andSouth America. New single-aisle airplanes, such as the Next-Generation 737 and the recently launched 737 MAX, offer significant advantages in improved capabilities, fuel efficiency and maintenance costs, as well as enhanced environmental performance.

Long-haul international traffic will continue to grow at an average annual rate of approximately 4.5 percent. This growth is expected to result in demand for an additional 1,180 new fuel-efficient, twin-aisle airplanes such as the Boeing 787 Dreamliner.

Large airplanes (747-size and larger) will not see significant demand inNorth America, with only about 50 airplanes, or 1 percent of the total investment.