Europe’s Low-Cost Carriers Will Help to Drive Demand for New Planes Over Next 20 Years: Boeing

A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington, on Dec. 8, 2015. Matt Mills McKnight/Reuters

European low-cost carriers will help drive demand for new planes in the region over the next 20 years, as airlines replace their older fleets with more fuel-efficient jets, planemaker Boeing said on Sept. 21.

Boeing said that it expects airlines in Europe to order 7,100 new single-aisle planes between now and 2040. Single-aisle planes are typically used for short haul journeys.