Asia drives new aircraft sales – Boeing
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More than a third of the world’s new commercial aircraft will be delivered to airlines in the Asia Pacific region over the next 20 years, Boeing has revealed.
According to its latest market outlook report, released today (11 June 2013) ahead of the Paris Air Show, the world’s airlines will need 35,280 new jet aircraft over the next two decades, valued at US$4.8 trillion. And 12,820 of these aircraft, or 36.3% of total global demand, will be delivered to airlines in Asia Pacific.
This is by far the most of any global region, ahead of Europe (7,460 aircraft, 21.1% of total), North America (7,250, 20.5%), Latin America (2,900, 8.2%), the CIS region (3.1%) and Africa (1,070, 3.0%).
“This forecast gives us confidence as we increase our production rates and invest in new products like the 777X and 787-10X,” said Randy Tinseth, Boeing’s vice president of marketing. “Airlines are demanding more efficiency and that is exactly what we’ll be giving them.”
Single-aisle aircraft, such as the Boeing 737 and Airbus A320, are driving demand. Out of the total new aircraft orders, almost 70% (24,670) will be narrow-body jets. Boeing attributed this high demand to “low-cost carriers and airlines from emerging markets”.
Demand for twin-aisle aircraft, such as the B777, B787, A330 and A350, will also be strong, with airlines requiring 8,590 new aircraft. According to Boeing this will be partially fuelled by “airlines replacing their older fleet with new, more fuel-efficient airplanes”. This is already seeing airlines retiring old fuel-hungry aircraft such as the A340 and B747-400 and replacing them with newer models.
“Our customers are focused on growing their networks, managing their capacity and investing in new fleets,” said Tinseth. “These trends will shape market demand for airplanes that have highly efficiency, low operating costs, environmentally progressive technologies and a great passenger experience. We believe Boeing’s current and future products are perfectly aligned to meet those needs.”
The largest orders for both Boeing and Airbus have both been placed by the same Asian airline. Indonesia’s Lion Air ordered 230 B737s in February 2012 and followed it up this year with a deal for 234 A320s.
Boeing has already raised the production rates of its B737, B777 and B787 models this year, to cope with strong demand.
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