Boeing has forecast that over the next 20
years, airlines in Australia, New Zealand and the South Pacific
Islands will require 670 new airplanes valued at approximately
Boeing Commercial Airplanes Vice President
of Marketing Randy Tinseth shared the company’s market data and
forecast today at a Tuesday media conference which focused on the global and
commercial airplane market.
Globally, airlines will need
29,000 new airplanes through 2028, valued at US$3.2 trillion.
“It is encouraging that 27% of our 20-year forecast
already is on order,” Tinseth said. “Equally important is that
this backlog is well balanced - by type of airplane, by airline
business model, and region of the world.”
that as of the third quarter of 2009, Boeing had a backlog of
3,400 airplanes, valued at US$254 billion.
Airlines and the
aviation industry in general have been hurt by a challenging and
volatile business environment. The world economy has
been in recession, passenger and cargo traffic have declined, and
fuel prices are volatile.
“But data indicates that the
economic downturn has reached bottom and recovery has begun,” Tinseth said. “Global recovery will be a long, slow process, and
airlines will continue to adapt to the realities of the market.”
“Economic conditions obviously
affect air travel in the region,” Tinseth added. “Oceania air
travel growth is expected to be above 5%, compared to a
world average growth of 4.9%.”
of Oceania’s commercial airplane deliveries through 2028 will be
for growth and the remainder of airplane deliveries
will replace older, less efficient airplanes.
the Asia Pacific region in its entirety, long-term air annual air
traffic growth is projected to be 6.9% over the next 20 years. In the near term, airlines have
adapted to the realities of the market by adjusting capacity,
improving efficiency and restructuring, he said. In the longer
term, airlines will continue to invest in more efficient,
environmentally progressive airplanes that also serve the travel
patterns of air travelers with their ability to fly to more places
“Boeing is focused on a simple strategy,”
Tinseth said. “And that is to provide our customers with airplanes
that are the right size with the right capabilities at the right
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