Boeing Forecasts $1.5 Trillion For Commercial Airplanes, Services In SE Asia | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited--02.10.20

Airborne UnManned--
02.11.20

Airborne Unlimited--02.12.20

AMA Drone Report--02.13.20

Airborne Unlimited--02.14.20

Airborne-YouTube

Airborne Unlimited--02.10.20

Airborne UnManned--
02.11.20

Airborne Unlimited--02.12.20

AMA Drone Report--02.13.20

Airborne Unlimited--02.14.20

Thu, Feb 13, 2020

Boeing Forecasts $1.5 Trillion For Commercial Airplanes, Services In SE Asia

Releases 20-Year Outlook At Singapore Air Show

Boeing forecasts airlines in Southeast Asia will need 4,500 new airplanes over the next 20 years, valued at $710 billion at list prices. Single-aisle airplanes continue to be the main driver of capacity growth in Southeast Asia. This growth helps to stimulate the demand for commercial aviation services, which are forecasted to be worth $785 billion between 2019 and 2038.

“Three countries from Southeast Asia – Vietnam, Thailand, and Indonesia – made the top 10 list of countries that added the most airline seat capacity since 2010. Vietnam has experienced the strongest growth out of the three at nearly 15% per year, followed by Thailand and Indonesia at approximately 10% respectively,” said Randy Tinseth, vice president of Commercial Marketing at Boeing. "With an expanding middle-class, in a market that continues to liberalize, coupled with a strong domestic, regional and international tourism sector, Southeast Asia has become one of the world’s largest aviation markets.”

While single-aisle airplanes dominate the forecast, this region will also require a significant amount of widebody airplanes, in terms of value and the number of units. The demand is driven by airlines adapting to the evolving business environment and new long-haul expansion opportunities. Widebody airplanes will make up 19% of new airplane deliveries, enabling carriers in the region to serve new international long-range city pairs.

Aviation growth in the region is expected to drive the need for 182,000 commercial pilots, cabin crew, and aviation technicians to fly and to maintain the airplane fleet across Southeast Asia. This demand is projected based on a mix of new airplane deliveries, annual aircraft utilization rates, crewing requirements by region and regulatory requirements.

In the air cargo sector, after declines in 2019, global freight volumes are projected to recover in 2020 due in large part to solid industrial production and world trade. Over the long-term, air cargo is projected to grow 4.2% through the forecast period. Freighters will remain the backbone of the cargo industry with the need for 1040 new and 1780 converted freighters over the next 20 years.

Worldwide, Boeing projects the need for 44,040 new commercial airplanes valued at $6.8 trillion and the demand for aftermarket services totaled at $9.1T over the next 20 years.

(Image provided with Boeing news release)

FMI: www.boeing.com

Advertisement

More News

Airborne 02.14.20: Airbus Blended Wing, GoFly FlyOff, Boeing Woes

Also: Starliner Problems, NATA Update, NBAA v Congress, Iran Fails, Jerks on Planes Airbus has revealed MAVERIC (Model Aircraft for Validation and Experimentation of Robust Innovat>[...]

Aero-News: Quote of the Day (02.17.20)

“Based on the TBM’s proven design, the upgrades that Daher brings to each new model amply justified our purchases of the four aircraft... The TBM fits our transportatio>[...]

ANN's Daily Aero-Linx (02.17.20)

Aero Linx: The Tennessee Aviation Association (TAA) The Tennessee Aviation Association (TAA) is an airports advocacy organization representing our statewide system of airports. The>[...]

Klyde Morris (02.17.20)

Klyde Looks Into The FAA's Thought Processes/Paper Wad Hockey Practice FMI: www.klydemorris.com>[...]

Airborne-Unmanned 02.11.20: Cora Air Taxi Trial, TEROS UAV, Flirtey Patent

Also: Madrid Airport Drone Sighting, UAV Power Line Inspection, senseFly, Remote ID NPRM The New Zealand Government and Wisk have announced an MOU to establish a passenger transpor>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2020 Web Development & Design by Pauli Systems, LC