Asian demand for 16,000 planes spells jackpot for Airbus, Boeing
The rapid growth of mainland Chinese carriers and the entry of many budget operators has meant billions of dollars in orders for the aircraft makers. At the Singapore Airshow starting Monday, top officials from Airbus CE Tom Enders to Boeing’s VP of marketing Randy Tinseth are due to outline their plans to capture that boom. “There’s a huge market there,” said one analyst with Bloomberg Intelligence in Singapore. While airlines are looking for a balance between growth and profitability, “penetration is the name of the game right now. That’s what they will do for the next 5 to 7 years,” he said. Asia Pacific is likely to have 3.5b passengers by 2036, adding more than double the forecast for North America and Europe combined, according to estimates by the IATA. <br/>
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Asian demand for 16,000 planes spells jackpot for Airbus, Boeing
The rapid growth of mainland Chinese carriers and the entry of many budget operators has meant billions of dollars in orders for the aircraft makers. At the Singapore Airshow starting Monday, top officials from Airbus CE Tom Enders to Boeing’s VP of marketing Randy Tinseth are due to outline their plans to capture that boom. “There’s a huge market there,” said one analyst with Bloomberg Intelligence in Singapore. While airlines are looking for a balance between growth and profitability, “penetration is the name of the game right now. That’s what they will do for the next 5 to 7 years,” he said. Asia Pacific is likely to have 3.5b passengers by 2036, adding more than double the forecast for North America and Europe combined, according to estimates by the IATA. <br/>
