Day: March 1, 2021
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(25 Feb 2021)
Boeing anticipates airlines in Southeast Asia will
need 4,400 new airplanes valued at US$700 billion to support
expanding demand for air travel over the next 20 years.
The intra-Southeast Asian market will become the
fifth largest in the world by 2039, and the vast domestic and
regional air-travel network across the region positions it well
for a post-pandemic recovery, according to Boeing’s 2020
Commercial Market Outlook (CMO).
With low-cost carriers providing affordable
service and added capacity, the CMO projects passenger traffic
growth in Southeast Asia to grow by 5.7% annually throughout the
forecast period. Through the period,