Boeing sees passenger jet demand pick up in 2012

Boeing sees signs of recovery in the freighter market but expects passenger jet demand will not begin to rebound until 2012, a top executive said on Sunday. "Our view is that we are already starting to see some improvement in terms of the freighter market," Boeing Commercial Airplanes Chief Executive Jim Albaugh told Reuters Television in an interview at the Dubai airshow. "Our sense is that 2012 will start the uptick again (in passenger jet demand) and we should start seeing more orders coming back in 2013 and 2014." Albaugh also said he expected Boeing, the No. 2 plane maker behind EADS unit Airbus, to see airliner deliveries at 480 in 2009 and flat in 2010.