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 traffic 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