PARIS, June 18 (Reuters) - U.S. planemaker Boeing (BA.N) slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.
Boeing expects airlines will need to buy 42,595 jets from now until 2042, up from 41,170 planes in its previous 20-year forecast last year.
Boeing expects that narrowbody jets like its 737 MAX or the A320neo family made by European rival Airbus (AIR.PA) will dominate aircraft deliveries, with 32,420 single-aisle jets delivered through 2042.
Deliveries from now until 2042 are also expected to include 7,440 widebody planes, 1,810 regional jets and 925 freighters.
The company also raised its industrywide passenger traffic forecast growth rate slightly from 3.8% to 4%.
Persons:
Darren Hulst, Hulst, we'll, it's, Valerie Insinna, Jonathan Oatis
Organizations:
planemaker Boeing, Boeing, Paris, Airbus, Thomson
Locations:
Boeing's, China, Asia