Boeing Forecast For Oceania
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Boeing Forecast For Oceania
Boeing says airlines in Australia, New Zealand and the South Pacific will purchase 970 new aircraft in the next 20 years, 50 more than what the aircraft manufacturer forecast a year ago.
The upgraded outlook was included in Boeing's Current Market Outlook report for 2011-2030, which said airlines in Oceania would more than double their fleets from 450 over the next two decades.
Some 550 of those deliveries to airlines such as Qantas Airways, Virgin Australia and Air New Zealand, among others, would be for growth of aviation services and passenger traffic.
Boeing commercial airplanes vice president of marketing, Randy Tinseth said the Asia-Pacific became the largest aviation market in the world in 2010, eclipsing travel within North America for the first time.
"The centre of aviation has officially moved from the United States and Europe to the Asia-Pacific market," Mr Tinseth said on Monday.
"The landscape of aviation had changed."
Mr Tinseth said Boeing's analysis of between 200 to 300 airports around the world showed Australian gateways were well placed to accommodate the anticipated growth "with few bottlenecks today and in the future".
"We think the airports in Australia are in a position where they are going to make the right investments so we should be able to see growth continue in this market," Mr Tinseth said.
The aviation industry would need to add more than one million new pilots, technical and support staff, based on Boeing's current market outlook, he said.
Mr Tinseth said the Australian economy was expected to grow at 2.1 per cent this year before accelerating to 2.8 per cent in future years.
It was also a market driven strongly by domestic and international tourists.
"This has been a market of incredible change, a very dynamic market where we see intense competition," Mr Tinseth said.
"As a result of that intense competition, as has been shown, we have investment in new airplanes."
Boeing's 20-year outlook anticipated airlines globally would spend $US4 trillion ($A3.74 trillion) for 33,500 new aircraft over the next 20 years.
The overall forecast was up from 33,500 new aircraft in last year's outlook report.
The more positive outlook was due, in part, to a more upbeat assessment of the single-aisle market.
Boeing now expected 70 per cent of new orders, or 23,370 aircraft, would be for aircraft such as Boeing's 737, rival Airbus's A320, and new single-aisle planes from Brazilian, Chinese and Canadian manufacturers.
This compared with a forecast of 21,160 new single-aisle aircraft a year ago.
The upgraded outlook was included in Boeing's Current Market Outlook report for 2011-2030, which said airlines in Oceania would more than double their fleets from 450 over the next two decades.
Some 550 of those deliveries to airlines such as Qantas Airways, Virgin Australia and Air New Zealand, among others, would be for growth of aviation services and passenger traffic.
Boeing commercial airplanes vice president of marketing, Randy Tinseth said the Asia-Pacific became the largest aviation market in the world in 2010, eclipsing travel within North America for the first time.
"The centre of aviation has officially moved from the United States and Europe to the Asia-Pacific market," Mr Tinseth said on Monday.
"The landscape of aviation had changed."
Mr Tinseth said Boeing's analysis of between 200 to 300 airports around the world showed Australian gateways were well placed to accommodate the anticipated growth "with few bottlenecks today and in the future".
"We think the airports in Australia are in a position where they are going to make the right investments so we should be able to see growth continue in this market," Mr Tinseth said.
The aviation industry would need to add more than one million new pilots, technical and support staff, based on Boeing's current market outlook, he said.
Mr Tinseth said the Australian economy was expected to grow at 2.1 per cent this year before accelerating to 2.8 per cent in future years.
It was also a market driven strongly by domestic and international tourists.
"This has been a market of incredible change, a very dynamic market where we see intense competition," Mr Tinseth said.
"As a result of that intense competition, as has been shown, we have investment in new airplanes."
Boeing's 20-year outlook anticipated airlines globally would spend $US4 trillion ($A3.74 trillion) for 33,500 new aircraft over the next 20 years.
The overall forecast was up from 33,500 new aircraft in last year's outlook report.
The more positive outlook was due, in part, to a more upbeat assessment of the single-aisle market.
Boeing now expected 70 per cent of new orders, or 23,370 aircraft, would be for aircraft such as Boeing's 737, rival Airbus's A320, and new single-aisle planes from Brazilian, Chinese and Canadian manufacturers.
This compared with a forecast of 21,160 new single-aisle aircraft a year ago.
Last edited by fishers.ghost; 12th Jul 2011 at 06:48.
