Boeing projected a demand for 3,750 new aircraft over the next 20 years in Southeast Asia, valued at $550 billion. It expects 75 per cent of this demand will be for single-aisle airplanes, and the remaining demand will be for widebody aircraft such as the 787 Dreamliner family. A large part of this demand will be in response to the expected high growth of low-cost carriers in the region.

“Southeast Asia continues to be an important market for Boeing and we expect airlines in the region will need 3,750 new airplanes worth $550 billion over the next 20 years. In this highly competitive market, airlines are adding capacity and adapting with new business models, such as the growing number of low-cost carriers,” said Dinesh Keskar, senior vice president of Asia Pacific and India sales, Boeing Commercial Airplanes. “Boeing continues to offer the most comprehensive, fuel-efficient and technologically advanced family of airplanes to meet our customers’ needs.”

Overall, Boeing projects a demand for 38,050 airplanes worldwide over the next two decades, with Southeast Asia accounting for 9 per cent.