Boeing sees new aircraft demand worth US$550b in Southeast Asia over 20 years

Southeast Asia requires 3,750 new aircraft worth US$550b in 20 years from 2015, a senior Boeing executive said ahead of the Singapore Airshow that starts Tuesday. Of this, 76% will be for single-aisle aircraft like the Boeing 737 and Airbus A320, said Dinesh Keskar, senior VP for Asia Pacific and India sales at Boeing. This will be largely driven by LCCs, and the growth of markets such as Indonesia, Myanmar and Vietnam, he added. Southeast Asian passenger traffic has grown by more than 9% since 2010, with intra-Southeast Asian traffic projected to increase by 7.7% over the next 20 years, said Keskar. The Asia Pacific region as a whole will absorb 14,550 aircraft, more than a third of the 39,050 aircraft that are required globally, according to Boeing's forecast. <br/>