Airplane orders in Southeast Asia to surge in next 20 years
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.
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
You should also see
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
See more
World
Thai central bank intervenes to stabilise currency
The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.
World
Vietnam appeals for maximum self-restraint, end to hostilities in Middle East
A representative of Vietnam appealed to all the parties concerned to exercise maximum self-restraint and to end hostilities, while addressing a United Nations Security Council (UNSC) open debate on the Middle East and Palestine situation on March 25.
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
