Assembly Lines: Asia Will Spend $770 Billion on Airplanes
CHICAGO-The Boeing Co. is predicting that airlines operating out of Asian and Pacific Rim countries will purchase about 7,200 new airplanes worth $770 billion over the next 20 years, making it the largest market outside North America for new commercial airplanes.
In its "2005 Current Market Outlook" study, the aircraft builder says that because of continued demand for air travel and air cargo service, the Asia-Pacific fleet will nearly triple to about 8,600 airplanes by the end of the forecast period.