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Boeing forecasts aircraft demand despite aviation slump

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U.S plane manufacturer Boeing expects that it will take another two and a half years for global aviation to return to normal

“The industry recovers to 2019 levels of traffic by the end of 2023, early 2024″ and domestic flying would be at the forefront of any recovery.”

Its vice president of commercial marketing, Darren Hulst, said.

Boeing revised up long-term demand forecasts on Tuesday and says long-haul international routes would take the longest to recover.

Boeing says these will need to be eased to enable the recovery from the worst year on record for the aviation sector.

Boeing says that the strength of the global economy is key to getting over this dire slump. 

The US aircraft maker has increased its forecast of how many new planes the world will want over the next 20 years.

It says over 40 thousand new commercial aircrafts will be needed by 2040, which will have a combined value of $7.2 trillion.

A growing share of these will go to the Middle East and Asia, as China looks set to replace the United States as the world’s biggest aviation market.

Climate change takes flight

Another big change for the 20 year period of the forecast is the global challenge of climate change.

At the moment air travel accounts for about 2 per cent of global greenhouse emissions.

Mr Hulst says as an industry “we’ve seen that progress over the last 30 years has been dramatic… and as we get into the medium and long term sustainable aviation fuels become a critical part of our sustainability goals.”

What’s keeping flights grounded?

Australian Airports Association has warned that Foreign airlines are at risk of exiting the Australian market unless the federal government provides clarity on the reopening of international borders

AAA Chief Executive James Goodwin Says Australia’s reopening lags behind the rest of the world.

European Union introduced a vaccine passport to make it easier for people to travel across borders within the bloc

Just yesterday. Australia took a major step towards vaccine passports for international travel too, awarding a contract to international IT company Accenture for new digital passenger declarations.

Aviation industry is relying on this and other government actions to get passengers back in the sky and more aircrafts manufactured 

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Money

Apple Music’s controversial top 10 albums of all time

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Apple Music has released its highly anticipated “100 Best Albums of All Time” list, with the top 10 rankings causing a bittersweet symphony of destruction for some music lovers.

The list was curated by a panel of experts and based on various factors including cultural impact, critical acclaim, and commercial success, with the aim to celebrate the most influential and timeless albums across genres.

As reported by the official Apple Music Newsroom blog post, the top ten best albums of all time are the following:

10. Lemonade (2016), Beyoncé

9. Nevermind (1991), Nirvana 

8. Back to Black (2006), Amy Winehouse

7. good kid, m.A.A.d city (2012), Kendrick Lamar

6. Songs in the Key of Life (1976), Stevie Wonder

5. Blonde (2016), Frank Ocean

4. Purple Rain (1984), Prince & The Revolution

3. Abbey Road (1969), The Beatles

2. Thriller (1982), Michael Jackson

1. The Miseducation of Lauryn Hill (1998), Lauryn Hill

In other news, Apple recently became the first company to hit a $3 trillion stock market value, before falling just below that milestone, as reported by Reuters.

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How can we support a more eco-friendly future?

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With a $23 million commitment for a national circular economy and $1.3 million for net zero transition guidance, Australia is advancing towards sustainability.

Funding Futures is a weekly TV show on Ticker, hosted by Mike Loder and Steven Maarbani from Venture Crowd, that delves into the dynamic and evolving world of venture crowd-raising.

In this episode, we are joined by Cameron Hope, Founder of CEO of Hirehood. #trends #funding futures

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The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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