The passenger jet industry at the moment is a duopoly, between Boeing (NYSE:BA) and Airbus (which operates under EADS). As we look at the current rate of growth of worldwide air travel, particularly in the Asian markets, the projected number of new airplanes required to keep pace with that growth rate will be around 34,000. This means that, because of the duopoly, these two suppliers can say with confidence that they will be the ones supplying those planes. To the tune of about $4.5 trillion. In this video, Motley Fool industrials analyst Isaac Pino, recently having worked on a fully in-depth report on Boeing, takes us behind the curtain with the company, and gives us some more of the specifics behind some of these mouth-watering numbers.
