extremely strong. Although they represent only 20 percent of the seats in the market, they have grown at an annual rate of 23 percent over the past 10 years. This rate of growth, along with the increasing numbers of flights to other regions (especially to China) is helping drive the need for 630 new single-aisle airplanes, valued at a total of $70 billion.
LARGEST WIDEBODY SHARE IN THE WORLD
Airlines in Northeast Asia have a higher percentage of widebody airplanes than do airlines in any other region. Currently, 55 percent of all airplanes in service in Northeast Asia are widebody airplanes. By 2034, the region’s share of widebody airplanes will decrease slightly to 53 percent, but it will still be the largest share of any region. To hold this share, airlines will need 760 new airplanes, valued at $240 billion.