Boeing has declared the world economic recession all but over and issued its rosiest commercial aircraft forecast in years. The company's pre-Paris Air Show analysis predicts a doubling of the world fleet of commercial aircraft over the next 20 years, with 33,500 aircraft selling for a total of $4 trillion. "The world market has recovered and is now expanding at a significant rate," Randy Tinseth, Boeing's VP of marketing for commercial aircraft, told reporters. "Not only is there a strong demand for air travel and new airplanes today, but the fundamental drivers of air travel - including economic growth, world trade and liberalization - all point to a healthy long-term demand." Much of the growth will come from emerging markets in China, Asia, the Middle East and Latin America, while traditional markets in Europe and North America will be buying planes for fleet modernization.
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