Boeing sees Apac as top aviation mkt.US PLANE manufacturer Boeing has forecast that the Asia Pacific region, including India, will rank as the world's largest aviation market over the next 20 years, requiring as many as 8,960 new commercial jets valued at approximately $ 1.1 trillion. Asia Pacific is the largest market in the forecast for new airplanes, in terms of both units required and market value. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Boeing statement, twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. from now more than 40 per cent of the world's airline traffic will begin, end or take place within the Asia Pacific region. " That's a big leap for a region that was not even mentioned in our earliest Boeing market forecasts back in the 1950s," said Boeing commercial airplanes Boeing Commercial Airplanes is a unit of The Boeing Company, based in Renton, Washington consisting of the Seattle-based former Boeing Airplane Company (the civil airliner division), as well as the Long Beach-based Douglas Aircraft division of the former McDonnell Douglas vice president-- marketing, Randy Tinseth. Tinseth said between now and 2028, Asia Pacific air travel will grow to 41 per cent of the world market from 32 per cent. The Asia Pacific region covers a broad area, including Japan, Korea, China, Australia and India, and currently accounts for more than 8,300 flights and 1.2 million travellers daily. In less than 10 years, it will be the largest air travel market in the world, according to the Boeing outlook released on Sunday in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . Travel in the region is expected to grow at an average annual rate of 6.5 per cent over the next 20 years. Strong domestic growth in China, India and other emerging Asian nations Noun 1. Asian nation - any one of the nations occupying the Asian continent Asian country country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" will contribute to high demand for single- aisle airplanes. Over the 20- year forecast period, more than half of the deliveries, some 5,600, will be singleaisles. With just 330 deliveries, the percentage of the fleet's large category will decrease to four per cent from 10 per cent. Copyright 2009 India Today This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Group. All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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