Boeing exec: AsPac will need 3,860 new planes in 20 years

An executive of aircraft manufacturer Boeing predicted the Asia-Pacific region will need 3,860 new airplanes in the next 20 years, valued at $566b. Out of those 3,860 airplanes, almost three-fourths will be for growth and one-fourth of that, 1,040 airplanes, will be for replacement, said Dr. Dinesh Kestar, senior vice president for Asia Pacific and India Sales, during the 60th Assembly of Presidents of the Association of Asia-Pacific Airlines (AAPA) held at the Fort Shangri-La. He said current estimated for world airlines in the next 20 years is 39,620 new airplanes valued at $5.9t, dominated by single-aisle aircraft, representing 71%. He said 51% is represented by small and medium wide-body airplanes, with seating capacity of 400 or more, and the rest of wide-body aircraft, whose value of $230b “is nothing to sneeze at.” Kestar said the Asia-Pacific region will have the largest number of deliveries at 15,130 airplanes.<br/>