Tue, Nov 08, 2005
Manufacturer Says 7,200 Aircraft Needed To Match Growth
Boeing detailed its
2005 Current Market Outlook (CMO) for the Asia-Pacific region
Monday, forecasting a market for about 7,200 new airplanes worth
$770 billion over the next 20 years. Within that time, the carrier
expects the Asia-Pacific market will remain the largest outside the
United States for new commercial aircraft -- with close to 8,600
airplanes total sold in the region throughout forecast period.
According to a Boeing release, nearly 7,200 new airplanes will
be needed for future growth and replacement. Single-aisle airplanes
like the Boeing 737 will be the largest category, with a total of
3,690 new deliveries. Intermediate twin-aisles such as the upcoming
Boeing 787 and 777 will comprise approximately 2,430 airplane
deliveries. Regional jets will total 540 units delivered and
747-and-larger size airplanes will be 510 units delivered.
"Passengers are the foundation of air travel, and in a
competitive market the airlines will continue meeting passenger's
demands for more direct nonstop flights to destinations around the
world with longer-range, efficient and comfortable airplanes," said
Boeing Commercial Airplanes Director-Product Marketing, Analysis
and Positioning, Randy Tinseth. "This requirement will be met by
airplanes in the 200-to-400 seat capacity category, with only a few
very large ones being needed."
Between Taiwan and Asia-Pacific, available seat miles have
doubled since 1990. Most of this growth has been met by increased
the number of flights for existing aircraft, that has more than
doubled during this period. However, new markets have developed
during this period even faster than carriers could turn their
planes -- and since 1990, the average airplane size has decreased
by nearly 20 percent.
Boeing projects Asia-Pacific air travel growth will outpace the
world average of 4.8 percent during the forecast period. Air travel
for Asia-Pacific's carriers will expand significantly, led by the
Chinese domestic market's projected average growth of almost nine
percent. This incredible growth will nearly triple the Asia-Pacific
airplane fleet over the next 20 years. Air travel within
Asia-Pacific is forecasted to grow six percent per year.
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