Teal: 41,000 turbofans to be built by 2013

 - October 8, 2007, 7:56 AM

Teal Group announced the results of its market analysis for the turbofan industry, predicting a total of 40,989 turbofan engines will be built in the 10 years spanning 2004 and 2013. Teal estimates the value of the engines to be about $160 billion, up 1 percent from last year’s 2003-2012 market forecast. A spokesman for the company said the slight increase was attributed to a somewhat stabilized outlook on the global economy, and a slow industry recovery as the U.S. moves out of the recession.