Boeing forecasts Southeast Asia passenger air traffic to more than triple over the next 20 years, driven by above global average economic growth and a rising middle class. The region’s airplane fleet is also projected to more than triple to...
To read the full article, please log in or enter your email below:
Boeing forecasts Southeast Asia passenger air traffic to more than triple over the next 20 years, driven by above global average economic growth and a rising middle class.
The region’s airplane fleet is also projected to more than triple to 4,960 jets to meet the rising air travel demand, according to Boeing’s 2024 Commercial Market Outlook (CMO), the company’s long-term demand forecast for commercial airplanes and services.
Through 2043, passenger air traffic in Southeast Asia will grow 7.2% annually – well above the 4.7% average annual growth rate globally – according to the CMO.
“With Southeast Asia’s economy forecast to have the second-highest growth rate among global regions, rising household incomes will bring new consumers into this aviation market, fueling growth for low cost and leisure business models,” said David Schulte, managing director of Boeing Commercial Marketing for Northeast Asia, Southeast Asia and Oceania.
“Southeast Asia’s growing fleet – especially single-aisle airplanes – will play an important role in further connecting the region’s island geography and serving travel demand across the Asia-Pacific region, particularly routes to China and Northeast Asia,” Schulte said.
According to the forecast, airlines in Southeast Asia will expand their share of the Asia-Pacific fleet from 17% to 25%. To meet long-haul demand, widebodies like the 787 Dreamliner will make up one in five deliveries in Southeast Asia. The region will need more than 120 new and converted freighters to support increasingly diversified global supply chains as well as growing e-commerce demand.
Southeast Asia operators will need to hire and train 234,000 new pilots, maintenance technicians and cabin crew – more than tripling the region’s active personnel, says Boeing.
Nearly 1,200 new, more fuel-efficient airplanes will replace aging jets in the region over the next 20 years. Also, as global aviation aims to achieve net-zero by 2050, the region’s available bio-based feedstocks can supply approximately 12% of global sustainable aviation fuel (SAF) demand, according to the Boeing-supported SAF feedstock assessment.
Edge Group is showcasing its growing portfolio of battlefield disruptors at the ongoing show. The Group’s portfolio of advanced weapons…
Embraer of Brazil is seeking a greater foothold in the region and is promoting two of its important defence platforms…
The South African defence firm, Denel is eyeing a greater share of international defence markets, with its presence at the…
At the ongoing IDEX, Boeing is showcasing its offerings designed to support the defense modernization and mission readiness of its…
AMMROC, the UAE-based industry leader in aviation MRO services and integrated logistics support and Marshall, are working to develop a…
ADNEC Group has established the the first global platform that brings together leaders, experts, decision-makers, and companies to develop defence…
Embraer has officially begun the structural assembly of the first C-390 Millennium for Austria. An official ceremony was held at…
Türkiye’s defence major Aselsan is bringing artillery and mortar systems, smart munitions, ground-penetrating radar, and naval defence solutions to IDEX…
AMMROC, a provider of maintenance, repair, and overhaul (MRO) services in the region, will participate in IDEX 2025 to showcase…
Indra, which has formed a joint venture with EDGE, will showcase the AESA Nemus and Nemus-C radars, among with its…
HENSOLDT has secured a contract extension valued at approximately 350 million euros for the development of the Eurofighter Mk1 radar.…
SITA has introduced a new global messaging platform, SITA ATC Connect, designed to facilitate communication between airlines, airports, ground handlers,…
AirAsia has announced the return of its promotional seat sale, offering up to 15 million discounted seats across the airline's…
The T625 GÖKBEY Multirole Utility Helicopter, developed by Turkish Aerospace, has proven its capability to operate in extreme conditions after…
Saab will unveil its locally developed Coast Control Radar at the upcoming IDEX 2025. The system, designed to help safeguard…
The T-7 Advanced Trainer, AH-64 Apache, and CH-47 Chinook are among the defence and security capabilities and services that Boeing…
RT LTA Systems will present the Skystar family of tactical aerostat systems at the upcoming International Defence Exhibition and Conference…
The K9A1 Self-Propelled Howitzer fitted with a domestically-built 1,000-horsepower engine and the Long-Range Surface-to-Air (L-SAM) missile system are among the…
Rumors about Egypt's intention to purchase the Chinese made J-10 CE fighter aircraft, which surfaced last week, are being evaluated…
Japan’s Self-Defense Forces (JSDF) have placed an order for 17 CH-47JA Block II Chinook Extended Range helicopters to replace some…
Rosoboronexport, a subsidiary of Russia's Rostec State Corporation, will showcase a range of defence products at the IDEX 2025 International…
Camero-Tech (Camero), an Israeli company specialising in radar-based imaging systems, will showcase its XAVER series of through-wall imaging radar at…
Sentrycs has been awarded a multi-million-dollar contract to provide counter-unmanned aerial systems (C-UAS) for a national defence project in Latin…
Abu Dhabi-based XRANGE, a facility for training, testing, and evaluation (TT&E) in defence, aerospace, and commercial sectors, has expanded its…
Indra has launched the European SMAUG (Smart Maritime and Underwater Guardian) research and development project, aimed at enhancing security at…
The Business Aviation Asia Forum and Expo (BAAFEx) 2025, set to take place from 4–6 March at Singapore’s Changi Exhibition…
Bharat Forge Ltd. and Liebherr-Aerospace & Transportation SAS have announced a collaboration to set up a new aerospace manufacturing facility…
Indonesian state-owned aircraft manufacturer PT Dirgantara Indonesia (PTDI) has signed an agreement with Turkish defence technology firm Havelsan to jointly…
The Indonesian Ministry of Defence announced on Thursday (Feb. 13) that Indo Defence 2024 will take place from 11 to…
The Indian state-owned airframer Hindustan Aeronautics Limited (HAL) has committed to accelerate deliveries of the Tejas Mk-1A fighter jet, which…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.