Row of European Union flags.

Boeing in the EU: Aviation Growth

Current Market Outlook Europe

CURRENT MARKET OUTLOOK Executive Summary Infographic.

Boeing has delivered 4,600 commercial aircraft to more than 130 European customers in the last six decades. According to the Boeing Current Market Outlook 2017, the world needs 41,030 airplanes valued at more than $6.1 trillion over the next 20 years.

The European aviation market is also expected to grow over the next 20 years, with airlines forecast to acquire more than 7,530 new airplanes valued at over $1.11 trillion.

Aviation Growth

With more than one hundred years of experience in connecting the world, Boeing offers a unique perspective on what drives aviation. History shows that there is a direct link between economic growth and passenger traffic. According to the Air Transport Action Group (ATAG), aviation supports nearly 63 million jobs and $2.7 trillion in GDP globally, and the European Commission estimates that the EU aviation sector supports up to 5.5 million jobs in Europe alone. Boeing has been a part of the European aerospace community for many decades and directly employs more than 4,000 people in 19 European countries. A significant number of our products are destined for European airlines, who include some of our leading customers.

    Rules-based Trade

    A level playing field is vital to fostering a climate of global industrial excellence and collective security. Boeing believes the commercial success of products and services should be driven by their merits rather than by market-distorting actions. To that end, Boeing promotes globally accepted rules-based trade to enable fair competition within the aerospace industry.

    In May 2018, the World Trade Organization (WTO) ended a 14-year dispute when it released its final decision that found the European Union (EU) has failed to honor multiple previous rulings and has provided billions of euros of illegal subsidies to European aircraft maker Airbus. This landmark ruling by the WTO Appellate Body is the final decision in this case, which was initiated in 2006.

    WTO issues final ruling in Airbus illegal subsides case

    WTO upholds rules-based trade

    Aviation Strategy

    The European Commission (EC) has recognised the importance of aviation as an enabler of growth by unveiling its ‘Aviation Strategy for Europe’ in December 2015. This initiative aims to improve connectivity, boost innovation, and enhance confidence in the aviation system. Boeing welcomes the EU’s efforts to put in place a strategy that unleashes the full potential of aviation, further enhances the sector’s leading safety record and leverages emerging technologies that make the aviation system even more efficient.

    Boeing supports:

    • A timely, efficient, and risk-based approach to certification by the European Aviation Safety Agency (EASA);
    • A measured and effective regulatory framework for Europe on the integration of unmanned aircraft;
    • A low-emission mobility strategy that addresses the unique challenges faced by aviation

    Open Skies

    History shows that open skies have been good for the air transport industry, as well as for passengers. The liberalisation of international air services continues to produce broad economic benefits, such as increased market access, operational flexibility for airlines, greater choice and lower fares for air travelers, and the economic development opportunities that arise from better and more affordable air services. Boeing encourages policies that generate economic growth and expand trade.