Boeing has forecast a demand for 4,210 new
airplanes, valued at $650 billion, over the next 20 years in
The company presented its Southeast Asia Current
Market Outlook (CMO) on Friday during a briefing at Boeing’s
regional headquarters in Singapore.
The annual report forecasts the region
will continue its strong annual traffic growth at 6.2%, outpacing
the world’s average growth rate by 1.5%.
“Southeast Asia continues to be one of fastest
growing markets in the world – and a key focus area for Boeing –
as the region accounts for more than 10% of the total global
Dinesh Keskar, senior vice president of Asia Pacific
and India Sales, Boeing Commercial Airplanes. “Driven by fierce
competition and growing passenger demand, airlines in Southeast
Asia need the most capable, flexible, economical and passenger
preferred airplanes available. With their new
technologies, superior capabilities and advanced efficiencies, the
continued orders for the 737 MAX, including the new 737 MAX 10, as
well as the 787 Dreamliner, demonstrate the value Boeing’s
airplanes are providing to airlines in the region”
According to Boeing, single-aisle airplanes, such as the 737 MAX
family, will account for more than 70% of new deliveries.
As in previous years, the low-cost business model continues to be
a main driver of traffic growth in Southeast Asia, growing to more
than 50% of the total Southeast Asian market by the end of
the forecast period.
Boeing projects a worldwide demand for 41,030
new airplanes over the next 20 years.
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