Page 21 - AAA JULY-AUGUST 2012 Online Magazine
P. 21
FEATURE NARROW-BODY
Short-haul flying, including themselves for the deregulated aSEan
domestic and international travel within open Skies Policy, due to be implemented
the asia-Pacific region, will grow 7% in 2015. this will result in the dismantling
per year for the foreseeable future, says of existing restrictions for airlines in the
Boeing. and both Boeing and main rival region flying into each other’s territory -
airbus agree that during the next 20 years, and is likely to fuel even more demand
approximately half of the world’s air traffic for narrow-body aircraft. add in rapidly
growth will be driven by travel to, from, or expanding air services within china and
within the asia Pacific region. the Boeing other emerging economies and the spread
current Market outlook (cMo) is also of the lcc business model throughout
confident. “the expansion of low-cost the region will drive this market segment
carriers, growth in intra-china flights, even harder.
and a substantial need for replacement in order to compete, established
aircraft will keep the demand for single- airlines are forming low-cost units, further
aisle airplanes strong into the future,” driving the affordability and availability
it says. nonetheless, the ever-changing of air travel. “We have been admirably
and volatile world of aviation, dependent accurate ... single-aisle airplanes account
on the state of the world economy, has for the majority of deliveries over the next
become one where forecasts change from 20 years - 70% of the airplanes and 48%
one year to another. Perhaps, realising of the value,” asserts Boeing’s cMo 2011-
this, oEMs Boeing and airbus offer 20- 2030.
year outlooks that attempt to average out
the requirements of carriers. Bankers bonus
one of the biggest impacts on the Business opportunities for lessors are
airline business is undoubtedly the many as a result. the global aircraft leasing
low-cost carrier (lcc) which has seen market is expected to reach uS$279
dramatic growth worldwide – and in billion by 2015 to fill soaring demand as
asia. the impact of deregulation in the air travellers from emerging markets
form of the aSEan open Skies Policy push airlines to expand their fleets. in
will be dramatic for lccs in the region, the asia-Pacific, ambitious construction
Boeing’s new-generation stimulating air travel by liberalising plans for new international and domestic
narrow-bodied 737 sets a access, lowering fares and opening new airports will also provide a wealth of new
standard for the LCC class markets. the lccs are now readying opportunities for aircraft lessors in these
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