Boeing yesterday said that commercial aviation is "cyclic and has a long history of declines and upturns" as it revised downward its 20-year forecast only slightly to a market demand of 29,000 new passenger and freighter aircraft worth $3.2 trillion. Last year the manufacturer said the industry would require 29,400 aircraft over the ensuing two decades (ATWOnline, July 10, 2008), 1.4% higher than the new forecast. "Over the past 30 years, through both tough and good times, traffic growth has ...

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