Asia Pacific to become top airplane market

The Asia Pacific region is moving up to become the world's single largest aircraft market in the next two decades in terms of new plane purchase value, up from second place at present. At US$1,020 billion, the region, spanning from Japan to Afghanistan and including Australia and New Zealand, would account for more than one-third of the value of airplanes delivered between 2007 and 2026, according to the US manufacturer Boeing.
The region is also expected to take delivery of 8,350 planes in the period, second only to North America which is forecast to acquire 9,140 new planes.
China and India will together buy 4,000 planes in the next 20 years, says Randy Tinseth, vice-president for marketing of commercial planes at Boeing.
The region is also expected to take delivery of 8,350 planes in the period, second only to North America which is forecast to acquire 9,140 new planes.
Rapidly expanding no-frills carriers will give an extra push to new plane demand, expecting to account for more than a third of the market for new aircraft in the next two decades.
Driving up the Asia Pacific's plane demand in the next 20 years are China and India, the emerging vast air travel markets, which are expected acquire some 3,000 and 1,000 planes respectively in the period, said Mr Tinseth.
28/06/07 Boonsong Kositchotethana/Bangkok Post, Thailand

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Categories: Foreign Jun 2007, General Aviation Jun 2007