Boeing sees growing demand for new airplanes in Southeast Asia

Boeing Press Release | September 22, 2017

Estimated reading time 2 minutes, 1 seconds.

Boeing projects a demand for 4,210 new airplanes, valued at US$650 billion, over the next 20 years in Southeast Asia.

The airplane completed a successful two-hour, 42-minute flight, taking off from Renton Field in Renton, Wash., at 10:52 a.m. local time and landing at 1:34 p.m. at Seattle's Boeing Field. Boeing Photo
Boeing is projecting 3,230 deliveries through 2036 in the single-aisle segment, which includes the Boeing 737 MAX-9 aircraft. Boeing Photo

The company presented its Southeast Asia Current Market Outlook (CMO) on Sept. 21 during a briefing at Boeing’s regional headquarters in Singapore. The annual report forecasts 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.

“Southeast Asia continues to be one of fastest growing markets in the world–and a key focus area for Boeing–as the region accounts for more than 10 per cent of the total global demand,” said Dinesh Keskar, senior vice-president of Asia Pacific and India Sales, Boeing Commercial Airplanes.

“Driven by fierce competition and growing passenger demand, airlines in Southeast Asia need the most capable, flexible, economical and passenger preferred airplanes available,” added Keskar.

“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 region.”

Single-aisle airplanes, such as the 737 MAX family, will account for more than 70 per cent of new deliveries. As in previous years, the low-cost business model continues to be a main driver of traffic growth in Southeast Asia, growing to more than 50 per cent of the total Southeast Asian market by the end of the forecast period.

 

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