sees Asia-Pacific fleet nearly tripling over 20 years
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[February 10, 2014]
By Anshuman Daga
SINGAPORE (Reuters) — Boeing <BA.N>
maintained its 20-year forecast for airplane demand at $4.8
trillion, and predicted that nearly half of the world's air traffic
growth would be driven by travel to, from or within the Asia-Pacific
over the next two decades.
Boeing estimated airlines in the Asia Pacific region would need an
additional 12,820 jets valued at $1.9 trillion over the next 20
years. It said the fleet would rise to 14,750 in 2032, from 5,090 in
"Asia Pacific economies and passenger traffic continue to exhibit
strong growth," Randy Tinseth, vice president of marketing at Boeing
Commercial Airplanes told a media briefing on Monday ahead of the
"Over the next 20 years, nearly half of the world's air traffic
growth will be driven by travel to, from or within the region. The
Asia Pacific fleet will nearly triple, from 5,090 airplanes in 2012
to 14,750 airplanes in 2032, to support the increased demand."
Both Airbus <AIR.PA> and Boeing have committed to record production
rates for their most popular models, but executives are closely
watching the financial turmoil in key aviation markets such as
Indonesia and Thailand.
Asia Pacific is home to some of the world's biggest long-haul
carriers and budget carriers AirAsia <AIRA.KL> and Lion Air have
placed aircraft orders valued at billions of dollars and are among
the biggest customers of Boeing and Airbus
Boeing's data projects that passenger airlines in the region will
rely primarily on single-aisle airplanes such as the Next-Generation
737 and the 737 Max, a new engine-variant of the 737, to connect
passengers. Single-aisle airplanes will represent 69 percent of the
new airplanes in the region.
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"New low-cost carriers and demand for intra-Asia travel have fueled
the substantial increase in single-aisle airplanes," Tinseth said.
After a record $200 billion of deals at last November's Dubai
Airshow, few expect Asian buyers to be ordering in similar
quantities — yet the February 11-16 event in Singapore will test the
appetite of one of aviation's fastest growing regions.
(Reporting by Anshuman Daga; editing by Jeremy Laurence)
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