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Boeing forecasts demand for 3,860 new airplanes in Southeast Asia

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Staff Writer | November 22, 2016
Boeing presented its Current Market Outlook for the Southeast Asia and Oceania regions today during the Association of Asia Pacific Airlines’ 60th annual Assembly of Presidents meeting in Manila.
Airplanes   Current Market Outlook
Over the next 20 years, the company forecasts a demand for 3,860 new airplanes, valued at $565 billion, in Southeast Asia; while an investment of $160 billion for 1,020 new airplanes is expected in the Oceania region.

The annual report projects that more than 75 percent of the airplanes needed in both regions will be for single-aisle airplanes, as they continue to see a rise in the number of low cost carriers as well as strong annual traffic, with growth rates of 6.4 percent and 4.7 percent, for Southeast Asia and Oceania, respectively.

Worldwide, Boeing projects a demand for 39,620 new airplanes, over the next two decades.