The world’s leading commercial airplanes manufacturer Boeing forecasted that the airlines industry in Southeast Asia will need 4,500 new airplanes over the next 20 years, valued at approximately $710 billion at list prices. The airline passengers growth helps to stimulate the demand for commercial aviation services, which are forecasted to be worth around $785 billion between 2019 and 2038. The single-aisle airplanes continue to be the main driver of capacity growth in Southeast Asian market.
As per Boeing, the aviation growth in the Southeast Asian region is expected to drive the need for approximately 182,000 commercial pilots, cabin crew, and aviation technicians to fly and to maintain the airplane fleet. This aviation region will also require a significant amount of widebody airplanes, in terms of value and the number of units.
The major deals and partnership by Boeing are featured below:
November 2019: Boeing announced a purchase agreement with Emirates to finalize a 30 787-9 Dreamliner airplanes, which valued at around $8.8 billion. The deal would help to meet the requirements of one of the world’s leading airlines. Emirates would add medium-sized widebody airplanes to complement the airline’s larger 777 aircraft.
November 2019: Boeing signed a letter of intent for the 30 airplanes with Air Astana with a list price value of $3.6 billion. Air Astana would buy 30 Boeing 737 MAX 8 airplanes to serve as the backbone of its new low-cost airline FlyArystan, the Kazakh flag carrier.
October 2019: Boeing signed a MoU with Porsche to explore the premium urban air mobility market and the extension of urban traffic into airspace. Both companies will leverage their unique market strengths and insights to study the future of premium personal urban air mobility vehicles.
Boeing, an American global corporation, is the world’s largest aerospace company. Boeing manufactures commercial jetliners, defence, space and security systems, and service provider of aftermarket support. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defence systems, launch systems, advanced information and communication systems, and performance-based logistics and training.
Boeing has a vast network of commercial and government customers in more than 150 countries. The company employs approximately 160,000 people across the globe. The company continues to invest in technology and innovation to deliver a future growth to customers.