Aircraft
Manufacturers Look to Asia as Engine of Growth
Over the next 20 years or so, all the aircraft OEMs see the Asia Pacific as a market for large numbers of aircraft–growing faster than any other region
Embraer E190
Embraer E190

Manufacturers Outlook Charts 2015-34

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Asia Pacific airlines will need 12,500-to-15,000 new aircraft in the coming 20 years, say Airbus and Boeing. This demand follows 10 years of rapid industry growth, during which the region’s jetliner fleet has doubled in size, from 2,900 aircraft to 5,850, with jet operators growing 50 percent in number from 150 to 225, according to Boeing’s Current Market Outlook (CMO). Meanwhile, capacity (available seat-miles/kilometres [ASM/ASKs]) has grown annually by 7 percent as the number of airline routes to, from and within Asia has increased by 57 percent, from 2,200 to 3,800.