Boeing Projects Demand Of 3,750 New Airplanes Valued At US$550 Bln In SEA

SINGAPORE, Feb 15 (Bernama) -- Boeing is expecting some 3,750 new airplanes valued at US$550 billion in terms of demand coming from the Southeast Asian region over the next 20 years. Boeing Commercial Airplanes, Vice President of Asia Pacific and India Sales, Dinesh Keskar said of this number, 76 per cent or 2,850 airplanes will cater for growth, while 24 per cent or 900 planes are for replacement purposes. He said the new deliveries which would largely be for growth, will also see the largest demand for single-aisle airplanes such as the Next-Generation 737 and new 737 MAX. "Southeast Asia continue to be a growing market and we are quite bullish with this part of the world," he told reporters at a media briefing here in conjunction with the biennial Singapore Airshow which starts Tuesday. He said the demand would also be driven by markets like Vietnam, Myanmar and Indonesia. Keskar said the forecast, which covers the period from 2015 until 2034, would see airlines continue to add capacity and adapt to new business models such as a growing number of low cost carriers. To cater to this, Boeing will continue to offer the most comprehensive, fuel efficient and technologically advanced family of airplanes to meet customers' needs. According to Keskar, since 2010, the Southeast Asian passenger traffic has grown by more than nine per cent with intra-Southeast Asian traffic expected to increase by 7.7 per cent in 20 years. -- BERNAMA