Tuesday 20 Oct 2020 | 17:21 | SYDNEY
Tuesday 20 Oct 2020 | 17:21 | SYDNEY

Asia puts chair in upright position


Sam Roggeveen


17 June 2011 11:40

The world economic centre of gravity is moving from the Atlantic to the Pacific, it is said. Boeing agrees:

Boeing has increased its 20-year demand projection for commercial aircraft, identifying a $4 trillion market requiring 33,500 new aircraft deliveries between 2011 and 2030...

...Of the 33,500 aircraft, 60% will be for worldwide growth, while 40% will be for replacement, creating a total fleet of 39,530 aircraft, including 6,030 retained aircraft. Today's fleet stands at 19,410 aircraft, said Boeing...

...The Asia Pacific region dominates the forecast with its predicted future requirement for 11,450 aircraft worth $1.51 trillion.

Nevertheless, the vast bulk of those aircraft will be built in two older centres of economic might, the US and Europe.

Photo by Flickr user Laurent Jegou.