ASIA: Asia Pacific demand set to dominate aircraft market
Boeing have predicted that whilst global GDP growth will average 3.9% over the next 20 years, demand for air passenger and freight traffic will rise by 4.9% and 6.1% respectively. Passenger traffic within the Asia-Pacific region (excluding the domestic market in China) is estimated to rise by 5.4% and the figure for China itself is 8.8%. The region is forecast to represent 36% of the implied demand for 27,200 new passenger aircraft by the year 2025.
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