The Red Arrows, Royal Air Force Aerobatic Team, are joined by a Spitfire at the opening of the Farnborough Airshow, in Farnborough, Britain July 16, 2018. REUTERS/Peter Nicholls
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Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions. The world's biggest plane-maker predicted 42,700 industry deliveries over the next two decades, up three percent from its estimate of 41,030 a year ago. Even so, Boeing lowered its wide-body delivery forecast by 140 aircraft to 8,070, saying higher deliveries over the last year and longer-range single-aisle planes ate into the rolling forecast.Boeing's overall forecast tally is a bigger number partly because it counts aircraft with 90 seats or more, whereas Airbus starts at 100 seats.The smaller end of the aircraft market has seen its biggest shake-up in decades after Airbus closed a deal to buy Bombardier's 110-130-seat CSeries jet, mirrored last week by Boeing's tentative deal to acquire the commercial unit of Brazil's Embraer SA. Boeing shaved its forecast for the regional jet fleet to 2,320 deliveries.
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