..:: India Strategic ::. Civil Aviation: Boeing Forecasts $1.9 Trillion 20-year market for New Airplanes in Asia Pacific

British Prime Minister David Cameron resigns | Theresa May takes over as new UK PM | May becomes second British woman PM after Margaret Thatcher | Cameron announced resignation following Brexit, a referendum for UK's exit from EU June 23 | International Tribunal demolishes China's claims over South China Sea | Permanent Court of Arbitration at The Hague says China has no legal basis to claim regional waters and build islets | The Tribunal also held China guilty of damaging coral reefs and natural environment | China has border maritime problems with all its neighbours | China rejected the decision, saying it is invalid and has no binding force | India, Tanzania agree to deepen overall defence and security partnership, especially in the maritime domain | Both nations agreed to work closely, bilaterally, regionally and globally to combat twin threats of terrorism, climate change | Prime Minister visiting Tanzania in the last leg of his visit to 4 African nations July 7-11 | Boeing, Mahindra Defence open C-17 Training Centre for IAF | Terrorism is the gravest security threat facing the world today, says PM Modi during Mozambique visit | Terrorism impacts India and Mozambique equally | NASA spacecraft Juno reaches Jupiter | Juno crossed violent radiation and flew 130,000 miles/hour | Jupiter is the largest planet in our solar system | Juno should be in Jpiter orbit for 20 months to send data | The $1.1 billion Juno mission took five years to reach Jupiter | LCA 'Tejas' joins Indian Air Force | Tejas is an indigenously-built Light Combat Aircraft | The single-seat, single-engine, multi-role light fighter is designed by ADA and manufactured by HAL | India test-fires new surface-to-air missile from a defence base in Balasore off Odisha coast | The new missile is jointly developed by India and Israel | Abdul Majeed Al Khoori appointed Acting CEO of the Abu Dhabi Airports | Eng. Mohamed Mubarak Al Mazrouei becomes Advisor to the Abu Dhabi Airports Chairman | Defence Minister Manohar Parrikar hands over 'Varunastra' to Indian Navy | Varunastra is an advanced heavyweight anti-submarine torpedo | It is indigenously designed, developed and manufactured by DRDO | India officially joins Missile Technology Control Regime | With this India becomes 35th member of the MTCR | Indian Foreign Secretary S Jaishankar signed the document of accession into MTCR in Seoul June 27 | The document was signed in presence of Ambassadors of France, the Netherlands and Luxembourg - the Chair and two co-chairs of the Regime | India had applied for the membership in 2015 | India finalises deal for 145 BAE Systems M777 artillery guns | This is Indian Army's first artillery deal in 30 years | Britain votes to leave EU, Pound crashes | 52 per cent voted Leave and 48 Remain in historic referendum | British Prime Minister David Cameron announces to resign before October over UK's exit | Leave process will take about two years though | Markets hit worldwide, including in India | China scuttles India's NSG bid | India joins SCO | India, apart from Pakistan, was admitted as full member of SCO during its Ufa Summit in July 2015 | After completing certain procedures, India now technically entered into SCO | India had an observer status for past 10 years prior to entering into six member regional bloc | No consensus on India's membership in NSG | China and five other countries oppose India's entry as New Delhi has not signed NPT | China insists Pakistan must also enter NSG if India's application is accepted | Pakistan is China's only military ally and is also known as a nuclear, missile and terror proliferator (NMTP) | Indian Space Agency ISRO successfully launches 20 satellites in one rocket | This is the biggest launch in ISRO's history | The satellites were launched onboard PSLV C-34 from SDSC (SHAR) Sriharikota | PSLV C-34 was carrying 17 satellites from US, Canada, Germany, Indonesia and 3 from India | Government of India approves 100% FDI in defence and civil aviation sectors | In defence, foreign investment beyond 49% (and up to 100%) permitted through the government approval route | This is in cases of access to modern technology in the country | For aviation, the government allowed 100% FDI in India-based airlines | The decision on FDI reforms taken at a high-level meeting chaired by Prime Minister Modi | India confident of getting into NSG, says External Affairs Minister Sushma Swaraj | India is working with China to win support | India will not oppose any country's membership proposal, EAM told a news conference |

Home

Editorial

Boeing Forecasts $1.9 Trillion 20-year market for New Airplanes in Asia Pacific

By Amit Cowshish

Published :March 2014

Singapore. Boeing says strong economic and passenger growth will be main drivers of new airplane demand in the Asia Pacific region. Boeing estimates the region's airlines will need an additional 12,820 airplanes valued at $1.9 trillion, representing 36 per cent of the world's new airplane deliveries over the next 20 years.

"Asia Pacific economies and passenger traffic continue to exhibit strong growth," said Randy Tinseth, vice president, Marketing, Boeing Commercial Airplanes during a media briefing February 9 before the opening of the Singapore Airshow. "Over the next 20 years, nearly half of the world's air traffic growth will be driven by travel to, from or within the region. The Asia Pacific fleet will nearly triple, from 5,090 airplanes in 2012 to 14,750 airplanes in 2032, to support the increased demand."

Boeing's data projects that passenger airlines in the region will rely primarily on single-aisle airplanes such as the Next-Generation 737 and the 737 MAX, a new-engine variant of the market-leading 737, to connect passengers. Single-aisle airplanes will represent 69 per cent of the new airplanes in the region.

"New low-cost carriers and demand for intra-Asia travel have fueled the substantial increase in single-aisle airplanes," said Tinseth. "Fuel-efficient airplanes like the Next-Generation 737 and 737 MAX help the growing number of low-cost carriers operate more efficiently and provide affordable fares to the emerging middle class."

For long-haul traffic, Boeing forecasts twin-aisle airplanes such as the 747-8 Intercontinental, 777 and the 787 Dreamliner will account for 28 per cent of new airplane deliveries. Boeing's recently launched 787-10 and 777X also will support the demand for fuel-efficient twin-aisle airplanes in the region. Singapore Airlines already ordered 30 787-10s helping launch the program at the 2013 Paris Air Show and Cathay Pacific recently ordered 21 777-9X airplanes.