Boeing Focuses on Asia-Pacific Transport Market

 - September 18, 2010, 11:22 AM

Boeing has revised its 10-year forecast for the Asia-Pacific air transport market, and its new figure reflects a 37-percent increase over the previous total. Boeing’s original figure of 670 aircraft has been upped to 920, with a corresponding increase in value to $120 billion. Boeing is attributing the growth spike to three factors: greater demand for replacement aircraft over last year’s estimate, with 44 percent of new aircraft replacing older types and 56 percent for growth; healthy expansion of low-cost carriers in the region; and finally the entry into service of the 787. Air New Zealand is a launch customer for the aircraft with eight on order, while Qantas has purchased 50 of the type. The fleet percentage breakdown for the Asia-Pacific region reflects that of the world’s other regions in that single-aisle jets will make up the largest segment with almost 70 percent of the area’s total. Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes, said, “The single-aisle market [in the Asia-Pacific region], like it is in the rest of the world, will be the driving force for units in the marketplace followed closely by what’s happening in the twin-aisle marketplace.”