Boeing has been building new airplanes in record time, and they say they are only going to increase the pace in the future. CEO Dennis Muilenburg told CNBC that “by the end of the decade” Boeing “will be building more than 900 airplanes a year.”
That’s roughly one new plane every 10 hours.
The need for speed? “We see air traffic growing and passenger traffic growing at about 6 percent to 7 percent a year, and that’s feeding airplane growth throughout the world,” Muilenburg said. He expects the world’s aircraft fleets to “double in size” over the next 20 years and they’ll need that speed to keep up.
Currently, the aircraft manufacturer makes one new plane around every 11.5 hours to the tune of 810 to 815 planes a year.
To read more on this story, go to CNBC.