Boeing Targets Asia Pacific Growth
September 8, 2009 by Stephen Kersey
Filed under Business
In their latest forecasts, Boeing theorizes that the Asia Pacific region will grow tremendously in the next 20 years. According to Boeing, in the next two decades that area of the world will need nine thousand new commercial jets. Those commercial jets would cost more than one trillion dollars.
Randy Tinseth of Boeing points out how much the Asia Pacific region has changed over the last sixty years.
Said Tinseth: “Twenty years from now more than 40 percent of the world’s airline traffic will begin, end or take place within the Asia Pacific region. That’s a big leap for a region that was not even mentioned in our earliest Boeing market forecasts back in the 1950s.”
Currently, the Asia Pacific region accounts for less than one-third of the air traffic in the world. By 2028, that number is projected to grow to more than 40%.
Boeing isn’t worried about how these current economic times will affect the long-term picture.
Said Jim Edgar of Boeing’s cargo department: “Despite an unprecedented contraction during 2008 and 2009, we remain confident in the strength of the global air cargo market over the long haul.”
Boeing undoubtedly sees the Asia Pacific market as a key part to the company’s future. Expect even more advertising aimed at attracting some of that one trillion dollar market.
Boeing (Image: Flickr)
