Boeing predicts $770 billion investment from Asia-Pacific airlines
Boeing Tuesday forecast that Asia-Pacific airlines would provide the largest market outside North America for new airplanes over the next 20 years.
Worldwide, Boeing anticipates airline’s investing $2.1 trillion for about 25,700 aircraft in two decades, with Asia-Pacific operators purchasing about 7,200 new airplanes worth $770 billion, nearly tripling the region’s fleet to about 8,600 airplanes by 2026.
Boeing projected that passenger traffic within Asia-Pacific will rise 6 percent per year, outpacing the world average of 4.8 percent during the next 20 years. “This robust air travel growth will cause Asia-Pacific carriers to expand significantly, resulting in the high regional demand during the forecast period,” Boeing said.