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 SEATTLE, March 4 /PRNewswire/ -- World air travel -- and demand for new airplanes -- will recover from the industry's current problems and see substantial growth by the end of the decade, a Boeing executive said here today.
 Robert L. Dryden, executive vice president of the Boeing Commercial Airplane Group (BCAG), said that from an overall traffic decline in 1991, air travel improved during 1992.
 "However, much of that growth was the result of uneconomic fare levels that produced continuing losses for many of the airlines," Dryden said. "Numerous airlines are not just hurting, they're severely wounded." The executive said a broad-based economic recovery is critical to the airlines' near-term health.
 For the longer term, the Boeing 1993 Current Market Outlook, released today, predicts that worldwide passenger travel will grow at an average annual rate of slightly more than 5 percent from now through the year 2010, Dryden said. As a result, at least 12,000 new commercial airliners, from all manufacturers, will be needed over those next 18 years to accommodate growth and to replace older airplanes.
 Dryden noted that, while Boeing forecasts that 66 percent of all units will be single-aisle aircraft, about 60 percent of delivered seats will be on wide-body airliners.
 The BCAG executive issued a special plea to the Puget Sound community on behalf of the people and programs being affected by difficult times in the industry.
 "Work together to take care of the people who are losing their jobs...Put them to work...give them a job. These are good people!" he said. "Taking care of people is the first thing the community can do."
 He said the community "needs to examine the fundamental business environment and view growth as a benefit, not a burden. "Boeing is not asking for favoritism, only a business environment in which businesses can sustain a competitive cost enterprise," Dryden said.
 -0- 3/4/93
 /CONTACT: Jack Gamble of Boeing Commercial Airplane Group,


CO: Boeing Commercial Airplane Group ST: Washington IN: AIR SU:

JH -- SE001 -- 2938 03/04/93 11:31 EST
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Publication:PR Newswire
Date:Mar 4, 1993

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