Boeing is getting closer to bringing a next generation 777 to the market, a senior executive said Monday.

Speaking at the ISTAT Americas 2013 conference in Orlando, Boeing Commercial Airplanes VP-marketing Randy Tinseth said there had been “a lot of movement on this airplane in the last couple of months and we are working hard on our business case.”

Boeing has just named Bob Feldmann as VP and GM of the 777X program.

“Each and every day we move closer to bringing this aircraft to the marketplace,” Tinseth said.

Tinseth also gave a bullish forecast for the widebody market, saying there will be a need for a total of 8,740 new widebodies between 2012 and 2031. He said Asia-Pacific would account for 41% of that demand.

“There’s a lot of pent up demand in this market and a big wave of replacement orders is coming,” he said.