Boeing, Airbus see blue skies in Asia Pacific
SINGAPORE – Airlines in the Asia-Pacific region are emerging as the biggest customers for aircraft makers Boeing and Airbus.
Over the next two decades, more than 8,000 planes worth up US$1.2 trillion will be sold in the region, the two firms said at the Singapore air show.
Asia Pacific is forecast to be the world’s largest air transport market, ahead of the US and Europe, they predicted.
By numbers, airlines in the Asia-Pacific region are expected to buy slightly less than a third of the aircraft produced during the period, according to Boeing.
However, by value their share will be greater since they are expected to favour large planes to serve the main routes within the region.
“We think that the Asia-Pacific region will definitely lead in the recovery we see in aviation,” said Randy Tinseth, vice president for marketing at Boeing.
Over the next two decades, Boeing expects China alone to spend US$400 billion to purchase 3,770 planes from manufacturers, making China second in size only to the combined market of the U.S. and Canada.
Airbus is also upbeat about sales prospects in the Asia Pacific region.
“Airlines from the region will account for over 40 percent of twin-aisle deliveries and more than 50 percent of the demand for very large aircraft, such as the A380,” said John Leahy, chief operating officer at Airbus.
Footnote: Garuda Indonesia, will receive 23 Boeing 737-800 Next Generation and one A330-200 aircraft this year, confirming the rapid expansion of its fleet as part of its five-year ‘Quantum Leap’ transformation strategy.
The 23 aircraft comprise nearly half of the 50 Boeing 737-800NGs that the carrier currently has on firm order.
Ian Jarrett
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