Boeing boosts Southeast Asia order forecast on strong demand

SINGAPORE (Sept 22): Boeing Co said on Friday it had increased its 20-year forecast for Southeast Asian demand by 460 aircraft, the largest jump of any global region, as low-cost carriers make travel more accessible.

Boeing sees demand for 4,210 new airplanes worth US$650 billion ($876 billion) in Southeast Asia over the next two decades, based on an estimate of annual traffic growth of 6.2%. That is up from last year’s forecast of 3,750 aircraft valued at US$550 billion.

“Look at countries like Vietnam, Thailand and Indonesia - that infrastructure has to grow and will grow,” said Dinesh Keskar, Boeing’s vice president for Asia-Pacific and India sales. “Aviation is the biggest source of tourism for the countries, it is the biggest source of moving people and moving cargo.”

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