Boeing sees growth in demand for airplanes in Southeast Asia

Shandong Airlines of China says it has signed an agreement with Boeing on Monday April 21 to purchase 50 Boeing 737 planes - AFP Photo.

BENGALURU: Boeing Co said it sees demand for new airplanes worth US$650bil in Southeast Asia over the next two decades.

The world's biggest plane maker projected a demand for 4,210 new airplanes in the region over the next 20 years, adding it saw annual traffic growth in Southeast Asia at 6.2%.

Single-aisle airplanes, like the 737 MAX, would account for more than 70 percent of new deliveries, Boeing said in a statement on Thursday.

The low-cost business model would further continue to be a driver of traffic growth in Southeast Asia, it noted. The company sees worldwide demand at 41,030 new airplanes over the next two decades. - Reuters