Boeing says Asia Pacific region will need $1.1T worth of planes

Boeing Co. said the Asia Pacific region will need nearly 9,000 new planes worth $1.1 trillion dollars over the next 20 years. Asia Pacific is now the largest market in Boeing’s forecast.
That’s an upward revision from just two years ago, when Boeing (NYSE: BA) said the region would need 7,200 planes and was the world’s second-largest market behind North America.
The Asia Pacific region covers Japan, Korea, China, Australia and India and has more than 8,3000 flights and 1.2 million air travelers each day.
“Twenty years from now more than 40 percent of the world’s airline traffic will begin, end or take place within the Asia Pacific region,” said Randy Tinseth, vice president-marketing of Seattle-based Boeing Commercial Airplanes, in a statement.
In the next 20 years, Boeing said it sees 5,600 single-aisle planes and 2,590 twin-aisle planes being delivered to the Asia Pacific region.
09/9/09 New Mexico Business Weekly

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Categories: Foreign Sep 2009, Indian Aviation- In General Sep 2009