Boeing lifts 20-year outlook for Asia-Pacific aircraft deliveries
Airlines in the Asia-Pacific are forecast to take delivery of 17,645 commercial aircraft in the next two decades, the Boeing 2021-2040 commercial market outlook (CMO) reports. Read More » The figure was up 0.9%, from 17,485 deliveries in last year's 20-year CMO. The forecast also is 1.5% above the pre-COVID-19 forecast of 17,390 commercial aircraft deliveries in the 2019-2038 CMO. The Boeing report said the Asia-Pacific covered China, Northeast Asia, Oceania, South Asia and Southeast Asia.
Boeing forecast airlines will need 43,610 new aircraft deliveries from now to 2040, up 1.2%, from the 43,110 aircraft deliveries predicted in last year's CMO. However, the current year predictions were 1% below the 44,040 aircraft estimate in the pre-COVID-19 2019-2038 CMO. Forecast deliveries rose in five regions – Africa, Asia-Pacific, Middle East, North America and Russia/Central Asia – but were lowered for Europe and Latin America. Boeing's CMO presentation said the long-term fundamentals remained intact. "The aerospace industry has made important progress in the recovery and Boeing's 2021 forecast reflects our confidence in the resilience of the market," Boeing Commercial Airplanes president and CEO, Stan Deal, said. "While we remain realistic about ongoing challenges, the past year has shown passenger traffic rebounds swiftly when the flying public and governments have confidence in health and safety during air travel."