Asian century — October 2018
The two big OEMs used the appropriate venue of AAPA’s Assembly of Presidents, held in South Korea this October, to re-emphasise the importance of the Asian market, which is now expected to account for well over 40% of future aircraft demand.
Boeing predicts that over the next 20 years Asia will require 16,930 aircraft worth $2.7tn, two thirds of which will be for expansion, just one third for replacement. Airbus more of less agrees: 15,900 units valued at $2.4tn. To put the trillions of aircraft investment into some sort of perspective, the current GDP of China is about $8.4tn, that of Japan, around $6tn.……