KUALA LUMPUR: Aircraft manufacturer Boeing estimates airlines in Southeast Asia will need 4,500 new airplanes over the next 20 years, valued at US$710 bil at list prices.
Single-aisle airplanes continue to be the main driver of capacity growth in Southeast Asia, it said.
“This growth helps to stimulate the demand for commercial aviation services, which are forecasted to be worth US$785 bil between 2019 and 2038,” it said in a note today (Feb 12).
Randy Tinseth, vice-president of commercial marketing, said three countries from Southeast Asia – Vietnam, Thailand, and Indonesia – made the top 10 list of countries that have 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% each, he said.
“With an expanding middle class, in a market that continues to liberalise, coupled with a strong domestic, regional, and international tourism sector, Southeast Asia has become one of the world’s largest aviation markets,” he said.
Worldwide, Boeing projects the need for 44,040 new commercial airplanes valued at US$6.8 trillion and demand for aftermarket services totalling US$9.1 tri over the next 20 years. – Feb 12, 2020, Bernama.
