Boeing Projects Demand For 4,210 New Airplanes In Southeast Asia

KUALA LUMPUR, Sept 23 (Bernama) -- Boeing projects a demand for 4,210 new airplanes, valued at US$650 billion, over the next 20 years in Southeast Asia as the region will continue its strong annual traffic growth at 6.2 per cent, outpacing the world's average growth rate by 1.5 per cent. Senior Vice-President of Asia Pacific and India Sales, Boeing Commercial Airplanes Dinesh Keskar said Southeast Asia continues to be one of fastest growing markets in the world and a key focus area for Boeing, as the region accounted for more than 10 per cent of total global demand. "Driven by fierce competition and growing passenger demand, airlines in Southeast Asia need the most capable, flexible, economical and passenger preferred airplanes available. "With their new technologies, superior capabilities and advanced efficiencies, the continued orders for the 737 MAX, including the new 737 MAX 10, as well as the 787 Dreamliner, demonstrate the value Boeing's airplanes are providing to airlines in the region, " Keskar he said in a statement. In its Southeast Asia Current Market Outlook released in Singapore released Thursday, the aircraft manufacturer revealed that single-aisle airplanes such as the 737 MAX family, would account for more than 70 per cent of new deliveries. As in previous years, the low-cost business model continued to be the main driver of traffic growth in Southeast Asia, growing to more than 50 per cent of the total Southeast Asian market. -- BERNAMA