Boeing sees slow recovery for economy, long-term growth for NE Asia Aviation Industry

Boeing released its 20-year commercial aircraft forecast for Northeast Asia, expecting demand for nearly 1,200 aircraft at a value of approximately USD190 billion. Two-thirds of Northeast Asia's commercial airplane deliveries through 2028 will be for growth, while the remaining one-third will be to replace older, less efficient aircraft. [more]

Boeing Commercial Airplanes: "It is encouraging that 27% of the 2028 forecast already is on order. Equally important is that this backlog is more geographically balanced... Northeast Asia air travel growth is expected to be around 4.3%, compared to a world average growth of 4.9%," Randy Tinseth, VP of Marketing. Source: Boeing, 22-Oct-2009.