Boeing projects Asia Pacific will be largest aviation market in world

Boeing Commercial Airplanes reiterated (09-Sep-2009) its forecast that the Asia Pacific region will become the world's largest aviation market over the next 20 years, requiring 8,960 new commercial jets valued at approximately USD1.1 trillion. The market is the largest in the forecast for new aircraft in terms of both units required and market value. The Asia Pacific region is forecast to grow from 31 to 41% of the world air travel market between 2009 and 2028. Over the 20-year forecast period, Boeing expects 5,600 narrowbody, 2,590 twin engine widebody and 330 large widebody deliveries, as well as 440 regional jets. The Asia Pacific fleet will nearly triple from 3,910 to a total of 11,170 aircraft. [more]

Boeing Commercial Airplanes: "20 years from now more than 40% of the world's airline traffic will begin, end or take place within the Asia Pacific region," Randy Tinseth, VP Marketing. Source: Boeing, 09-Sep-2009.