FUTURE DEMAND
Asia is expected to be the largest travel
market in the world, growing at 6.1 percent
annually. One factor in this growth is the
region’s GDP, which is expected to grow
by 4.3 percent annually over the next 20 years. Although that growth will be mixed owing to the region’s
current composition of mature, developing, and emerging markets,
Asia GDP and passenger traffi will drive an estimated need for
14,330 new airplanes valued at $2.2 trillion. The LCC market, for
example, is helping grow the need for 10,370 new single-aisle airplanes, with the majority in the size category of the 737 MAX 8.
This size of airplane gives airlines the effiiencies needed to open
new routes while continuing to operate profiably on current routes.
FUTURE DEMANDAsia is expected to be the largest travelmarket in the world, growing at 6.1 percentannually. One factor in this growth is theregion’s GDP, which is expected to growby 4.3 percent annually over the next 20 years. Although that growth will be mixed owing to the region’scurrent composition of mature, developing, and emerging markets,Asia GDP and passenger traffi will drive an estimated need for14,330 new airplanes valued at $2.2 trillion. The LCC market, forexample, is helping grow the need for 10,370 new single-aisle airplanes, with the majority in the size category of the 737 MAX 8.This size of airplane gives airlines the effiiencies needed to opennew routes while continuing to operate profiably on current routes.
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