Boeing Bullish on Asia-Pacific Market Growth
Indonesia’s Lion Air operates Boeing 737s in Southeast Asia.
Indonesia’s Lion Air operates Boeing 737s in Southeast Asia.

Boeing delivered a bullish market forecast for airplane sales in the Asia-Pacific region on February 10, citing strong anticipated economic and passenger growth over the next 20 years. The manufacturer expects that the region’s gross domestic product will grow at 4.5 percent annually over the next two decades, fueling annual passenger traffic growth of 6.3 percent and cargo growth of 5.8 percent. The size of the Asia-Pacific airline fleet will nearly triple, to 14,750 in 2032 from 5,090 airplanes in 2012, to satisfy the demand.