Boeing said orders for smaller planes will soar worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia (Photo: AFP/VNA) Hanoi (VNA) – Orders for smaller planes will soar worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia, according to aircraft manufacturer Boeing.
Nearly three-fourths of the 41,030 new commercial planes worth 6.1 trillion USD are expected to be delivered in the period.
Southeast Asia is one of the world's fastest-growing regions for budget air travel, with an expanding middle class driving a travel boom.
Boeing said it has raised its forecast for the number of new aircraft to be delivered in Southeast Asia in the next two decades to 4,210, up 460 from last year's prediction.
Passenger traffic growth in most of the region is in double digits, especially in Malaysia, Vietnam, Thailand and Indonesia, according to Dinesh Keskar, Boeing's senior vice president for Asia-Pacific and India sales.
He said 39 percent of all new planes in the next two decades will be destined for Asia, trailed by 21 percent for North America and 19 percent for Europe.
He added the company remains optimistic despite concerns about overcapacity as Southeast Asian governments build new airports and improve existing ones.-VNA
VNA
