SP's Airbuz - - News Briefs -

Boe­ing projects a de­mand for 4,210 new air­planes, val­ued at $650 bil­lion, over the next 20 years in South­east Asia.

The com­pany pre­sented its South­east Asia Cur­rent Mar­ket Out­look (CMO) dur­ing a brief­ing at Boe­ing’s re­gional head­quar­ters in Sin­ga­pore. The an­nual re­port fore­casts the re­gion will con­tinue its strong an­nual traf­fic growth at 6.2 per­cent, out­pac­ing the world’s av­er­age growth rate by 1.5 per­cent.

“South­east 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 per­cent of the to­tal global de­mand,” said Di­nesh Keskar, se­nior vice pres­i­dent of Asia Pa­cific and In­dia Sales, Boe­ing Com­mer­cial Air­planes.

“Driven by fierce com­pe­ti­tion and grow­ing pas­sen­ger de­mand, air­lines in South­east Asia need the most ca­pa­ble, flex­i­ble, eco­nom­i­cal and pas­sen­ger pre­ferred air­planes avail­able,” added Keskar. “With their new tech­nolo­gies, su­pe­rior ca­pa­bil­i­ties and ad­vanced ef­fi­cien­cies, the con­tin­ued or­ders for the 737 MAX, in­clud­ing the new 737 MAX 10, as well as the 787 Dream­liner, demon­strate the value Boe­ing’s air­planes are pro­vid­ing to air­lines in re­gion.”

Sin­gle-aisle air­planes, such as the 737 MAX fam­ily, will ac­count for more than 70 per­cent of new de­liv­er­ies. As in pre­vi­ous years, the low-cost busi­ness model con­tin­ues to be a main driver of traf­fic growth in South­east Asia, grow­ing to more than 50 per­cent of the to­tal South­east Asian mar­ket by the end of the forecast pe­riod.

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