Boeing forecasts $1.5 trillion for commercial airplanes and services in Southeast Asia over the next 20 years. This number includes 4,500 new planes valued at $710 billion at list prices and aftermarket commercial services valued at $785 billion, single-aisle airplanes continue to be the main driver of capacity growth in Southeast Asia.
“Three countries from Southeast Asia – Vietnam, Thailand, and Indonesia – made the top 10 list of countries that added the most airline seat capacity since 2010. Vietnam has experienced the strongest growth out of the three at nearly 15% per year, followed by Thailand and Indonesia at approximately 10% respectively,” said Randy Tinseth, vice president of Commercial Marketing at Boeing. “With an expanding middle-class, in market that continues to liberalize, coupled with a strong domestic, regional and international tourism sector, Southeast Asia has become one of the world’s largest aviation markets.”
Travel and Aviation growth is expected to drive the need for 182,000 commercial pilots, cabin crew, and aviation technicians. This is great news for the industry and the projected jobs market. If you’ve ever wanted to work in the Travel and Aviation industry, here is your notice to get the skills and be prepared.
The complete forecast is available at http://www.boeing.com/cmo.
Read more about it here…