Boeing is projecting a demand for 4,210 new airplanes, valued at US$650 billion, over the next 20 years in South-east Asia, where annual traffic growth (6.2 per cent) is expected to continue outstripping the global average (1.5 per cent).
“South-east Asia continues to be one of fastest-growing markets in the world – and a key focus area for Boeing – as the region accounts for more than 10 per cent of the total global demand,” said Dinesh Keskar, senior vice president of Asia Pacific and India Sales, Boeing Commercial Airplanes.
Single-aisle airplanes, such as the 737 MAX family, will account for more than 70 per cent of new deliveries. As in previous years, the low-cost business model continues to be a main driver of traffic growth in South-east Asia, growing to more than 50 per cent of the total South-east Asian market by the end of the forecast period.
And with the region “ driven by fierce competition and growing passenger demand”, Keskar observed continued orders for the 737 MAX, including the new 737 MAX 10, as well as the 787 Dreamliner.