Boeing: anticipates market growth in Northeast Asia
(CercleFinance.com) - Boeing believes that air travel in Northeast Asia, driven by the proximity of emerging markets in the Asia-Pacific region, will outpace regional economic growth over the next 20 years.
This projection is part of the Commercial Market Outlook (CMO), Boeing's annual long-term forecast of demand for commercial airplanes and related services.
Boeing expects annual passenger traffic growth of 5.9% in the region, exceeding the region's 1.2% annual economic growth rate over the next two decades.
According to the aircraft manufacturer, the Northeast Asian market is set to receive 1,350 new aircraft by 2042, with 70% of the current fleet replaced by new, more fuel-efficient aircraft, improving the sustainability and competitiveness of the region's airlines.
Boeing estimates that wide-body jets will represent 40% of passenger airplane deliveries, compared with a global average of 17%, that the region's single-aisle fleet will almost double from 500 to 920 aircraft, and that demand for aviation personnel will rise to 90,000 new professionals - 23,000 pilots, 28,000 technicians and 39,000 cabin crew.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
This projection is part of the Commercial Market Outlook (CMO), Boeing's annual long-term forecast of demand for commercial airplanes and related services.
Boeing expects annual passenger traffic growth of 5.9% in the region, exceeding the region's 1.2% annual economic growth rate over the next two decades.
According to the aircraft manufacturer, the Northeast Asian market is set to receive 1,350 new aircraft by 2042, with 70% of the current fleet replaced by new, more fuel-efficient aircraft, improving the sustainability and competitiveness of the region's airlines.
Boeing estimates that wide-body jets will represent 40% of passenger airplane deliveries, compared with a global average of 17%, that the region's single-aisle fleet will almost double from 500 to 920 aircraft, and that demand for aviation personnel will rise to 90,000 new professionals - 23,000 pilots, 28,000 technicians and 39,000 cabin crew.
Copyright (c) 2023 CercleFinance.com. All rights reserved.