Michael Boyd, president of The Boyd Group, told CNBC’s "Squawk Box" that Boeing’s 787 Dreamliner will revolutionize the aircraft industry and will, paradoxically, create an opening for competitor Airbus.
"(Boeing) didn’t roll out an airplane," Boyd said Monday. "They let a genie out of a bottle. It may be a genie that Boeing can’t control because this represents a total sea change in the way airplanes are built, and it’s one that other manufacturers can take advantage of… (and) it’s not something that Boeing will necessarily be able to take advantage of long-term."
He projected ten-year demand for the Boeing 787 at about 1,875 aircraft, but he doesn't expect Boeing will be able to fulfill that demand on its own.
"Someone else will fill that gap," he said, noting that this will create an opening for Airbus, which is owned by the European Aeronautic Defense and Space Company.