Singapore: Airlines in South Asia would invest an estimated $240 billion to purchase nearly 18,000 aircraft over the next 20 years, a senior Boeing official said here today.
The South Asian airlines would invest an estimated $240 billion between 2013 and 2032, increasing their fleet to over 2,060 from the current 450, Vice President for market at Boeing Commercial Airplanes Randy Tinseth said.
Comparatively, airlines in China were expected to add 5,500 new planes and those in Southeast Asia 3,000.
Overall, Boeing has forecast $1.9 trillion investment on 12,820 new aircraft over the 20-year period in Asia Pacific, representing 36 per cent of the world’s new airplane deliveries.
“Asia Pacific economies and passenger traffic continue to exhibit strong growth,” Tinseth told reporters ahead of the opening of the Singapore Airshow from tomorrow.
10/02/14 PTI/Business Line
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The South Asian airlines would invest an estimated $240 billion between 2013 and 2032, increasing their fleet to over 2,060 from the current 450, Vice President for market at Boeing Commercial Airplanes Randy Tinseth said.
Comparatively, airlines in China were expected to add 5,500 new planes and those in Southeast Asia 3,000.
Overall, Boeing has forecast $1.9 trillion investment on 12,820 new aircraft over the 20-year period in Asia Pacific, representing 36 per cent of the world’s new airplane deliveries.
“Asia Pacific economies and passenger traffic continue to exhibit strong growth,” Tinseth told reporters ahead of the opening of the Singapore Airshow from tomorrow.
10/02/14 PTI/Business Line
