Boeing Predicts 4,000 New Airplanes for Southeast Asia
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25 February 2021 15:54 WIB
TEMPO.CO, Jakarta - Aircraft producer Boeing predicted that airlines in Southeast Asia will require 4,400 new aircraft with a total value of USD700 billion for the next 20 years. The prediction was conveyed by Boeing Vice President of Commercial Marketing Darren Hulst based on the company's Commercial Market Outlook 2020.
Hulst predicted that the number of passengers in Southeast Asia will grow by 5.7 percent every year during the projection period. Such condition will be triggered by increasing number of low-cost carriers offering affordable prices with higher capacities.
"The drive of Southeast Asian growth fundamentals remain strong. With the increasing number of middle-income population and personal spending, the economy in the region has grown by 70 percent in the last decade, driving the increase in travel trends," Hulst said on Thursday, February 25, 2021.
Furthermore, Hulst mentioned that based on Boeing's estimation, flight operators in the region will need more than 3,500 single-aisle aircrafts up until 2039. Aircrafts like the 737 variants will continue to be the main workhorse in the increase of air transportation capacity in the region as low-cost flights continue to have the highest market penetration globally.
As for twin-aisle aircraft such as the 777X and the 787 Dreamliner, Hulst asserted that they will remain as the foundation of the Souteast Asia flight industry. "In the next 20 years, around one of four twin-aisle aircraft will be delivered to the Asia Pacific and its surrounding region for airlines operating in Southeast Asia," Hulst stated.
Hulst expressed his confidence that the extensive domestic and regional flight network in the region can help to recover the flight industry during this period of pandemic. Hulst even stated that the Southeast Asia market will become the fifth largest in the world in 2039.
Generally, Hulst said that Boeing predicted that there will be a request of 760 widebody aircraft for Southeast Asia up until 2039, which will result in a more flexible growth of flight network.
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