Boeing predicts Asia Pacific growth

Singapore: Boeing believes airlines in the Asia Pacific region will see air traffic grow 6.3 percent each year over the next 20 years, and they will spend more than $1 trillion on new commercial jets to handle the increase.
Global air traffic, in comparison, will grow about 5 percent a year from now until 2026, Randy Tinseth, vice president of marketing for Boeing's Seattle-based commercial airplane division, told reporters in Singapore on Monday.
Asia Pacific airlines are estimated to need about 8,350 new airplanes over the next 20 years – which will nearly triple the number of existing aircraft, Tinseth said. China alone is expected to take more than 3,000 new jet deliveries, he said.
Traffic within the Asia Pacific region is likely to expand 6.7 percent, while domestic air traffic within China is forecast to grow at 9 percent a year.
And with the development of new hubs in the Middle East and India, air traffic between Asia and the Middle East is predicted to increase 5.8 percent, he said.
02/07/07 Gillian Wong/AP/San Diego Union Tribune, United States

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Categories: General Aviation Jul 2007, New Jul 2007