Asia-Pacific airlines needs nearly 13,000 new planes
Boeing said that 12,820 extra aircraft would be needed by 2032, and the region would account for 36 percent of global deliveries of passenger and freight planes during the period. It also estimated the total Asia-Pacific airplane fleet would reach 14,750 in that time compared with 5,090 in 2012.
Boeing's European rival Airbus had said last year that Asia-Pacific carriers would take delivery of 9,870 new passenger and cargo aircraft valued at $1.6 trillion over the next 20 years.
Airbus will have its own press briefing at the Singapore Airshow on Tuesday, but on Monday it invited journalists to a display of its latest plane, the A350-XWB, which is expected to come into service later this year.
"Over the next 20 years, nearly half of the world's air traffic growth will be driven by travel to, or from within, the region. New low-cost carriers and demand for intra-Asia travel have fuelled the substantial increase in single-aisle planes," Boeing said in a statement.
Randy Tinseth, Boeing's vice president for marketing, said: "New low-cost carriers and demand for intra-Asia travel have fuelled the substantial increase in single-aisle planes."
Single-aisle planes such as Boeing's next-generation 737 and the 737 MAX will represent 69 percent of new airplanes in the region, Boeing said, driven by a rise in the number of budget carriers.
Over the next 20 years, Boeing expects Asia-Pacific gross domestic product to grow 4.5 percent annually, much faster than the projected global average of 3.2 percent. Passenger traffic in the region is likely to expand by 6.3 percent annually in the same period and cargo at 5.8 percent, also faster than the global rates. ■