Asia Airplane Market Worth $770 Billion

Boeing has reported that the Asia-Pacific region will need approximately 7,200 new commercial airplanes over the next 20 years. Valued at $770 billion, it will become the largest market outside North America.

Mar 8th, 2006

Boeing has reported that the Asia-Pacific region will need approximately 7,200 new commercial airplanes over the next 20 years. Valued at $770 billion, it will become the largest market outside North America.
This forecast for 2005-2024 by Boeing said China would be ordering about 2,612 new planes. The single-aisle units, such as the 737, will be the largest category of aircraft and shows a projected delivery of 3,690 airplanes. The intermediate class of twin-aisles, such as the Boeing 787 and 777 will include some 2,430 airplane deliveries, while regional aircraft will account for 540 units and jumbo jets around 510 units.
According to Scott Carson, Boeing Commercial Airplanes vice president, "Passengers are the foundation of air travel and, in a competitive market, the airlines will continue meeting passengers' demands for more direct nonstop flights to destinations around the world with longer-range, efficient and comfortable airplanes."
Boeing projects passenger traffic within Asia-Pacific to grow six percent per year, outpacing the world average of 4.8 percent during the next 20 years.

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