Boeing (NYSE:BA) announced Tuesday that it expects air carriers in Africa will see steady growth over the next 20 years as air travel on the continent continues to grow in the economy. The African economy is expected to grow about 4.8% in 2001, after 2.9% growth in 2009. The company cited the worldwide recovery stimulating demand for African exports as well as imports into the continent. Mike Warner, senior market analyst for Boeing Commercial Airplanes said, “As the demand for African commodities grows and foreign development and tourism increase, African carriers will require a modernized fleet in order to compete on routes historically dominated by foreign carriers, Africa’s current fleet is nearly 20 years old on average in a market that demands newer, more fuel-efficient airplanes to help offset the rising cost of fuel.”SmarTrend alerted subscribers to take profits in Boeing on August 16, 2010 at $64.29, since then the stock fell 2.1%. We are now watching for any positive developments that could result in a new uptrend signal.
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This my vision of Toto – “Africa” famous production… Close your eyes, imagine lands, escape, animals, peace, sun rising… no fighting, no war… Welcome to Africa…. “Steve Trekker’s Travel Revisit” … africa toto steve trekker remix madonna travel revisit