Boeing used the Association of Asia Pacific
Airlines’ 66th Assembly of Presidents conference at the Avani+
Riverside hotel in Bangkok last
week to unveil its 2022 Commercial Market Outlook (CMO) for
Southeast Asia.
To meet a projected long-term growth of 5.3% in
passenger and cargo travel in the coming years, the CMO
anticipates the region’s carriers will need more than 4,200 new
commercial airplanes over the next 20 years, a growth in the current size of Southeast Asia’s fleet of 1,600
making the region the second largest market in Asia.
Southeast Asia’s current fleet and number of
commercial flights have increased more than 50% in 2022 compared
to 2019 before the pandemic.
The 2022 Southeast Asia CMO includes the following
projections through 2041:
– Demand for 3,430 single-aisle and 740 widebody
airplanes to support an expanding intra-regional low-cost carrier
network as well as long-haul traffic growth;
– Demand for commercial services to support the
rapid growth of the fleet valued at $245 billion; and
– An industry requirement for 193,000 new aviation
personnel, including 50,000 pilots, 58,000 technicians and 85,000
cabin crew by 2041.
Regional Jets: 50
Single Aisle: 3,430
Widebody: 740
Freighters: 35
Total: 4,255
“While our industry’s full recovery in Southeast
Asia relies on travel policies, health initiatives and workforce
availability among other factors, Boeing expects the region’s
passenger traffic will surpass pre-pandemic demand over the next
few years,” said Dave Schulte (pictured), Boeing Commercial
Marketing Managing Regional Director for Asia Pacific. “We
continue to expect is tremendous upward mobility in this emerging
region, with nearly 70% of all new deliveries in Southeast Asia
serving growth in demand over the next 20 years.”
