Boeing, Airbus Expect Asian Airlines to Order Bigger Aircraft
06 Febbraio 2018 - 12:24PM
Dow Jones News
By Gaurav Raghuvanshi
SINGAPORE--Boeing Co. (BA) and Airbus SE (AIR.FR) both expect
Asia-Pacific carriers to step up orders for bigger jets, fueled by
rising demand from new airlines and the replacement of aging
fleets, executives from the two planemakers said.
Airbus predicts Asian airlines will buy nearly 4,000 twin-aisle
jets and another 650 of the biggest passenger aircraft produced by
the Toulouse-based company and its American rival over the next 20
years.
While the global aviation market in terms of passengers is
expected to double over the next 15 years, the size of the
Asia-Pacific market will grow three-fold in the next 20 years, said
Eric Schulz, the new head of sales at Airbus, at a press event at
the Singapore Airshow on Tuesday. As the Asian market expands,
airlines anticipate more demand for flights of eight- to 12-hour
duration.
Boeing sees great potential in India, a market that it expects
to keep growing in double digits over several years, said Randy
Tinseth, Boeing's vice president for marketing, in an
interview.
New carriers, including the Indian joint ventures of Singapore
Airlines Ltd. (C6L.SG) and Malaysian budget airline group AirAsia
Bhd. (5099.KU), are looking to grow their fleets with bigger planes
to start international flights on profitable routes to Europe.
Chinese carriers are also expected to start ordering wide-body
jets, Mr. Tinseth said.
China will also become a production hub for Boeing's 737
narrow-body jets with a completion center for the jets expected to
open by the end of this year, Mr. Tinseth said.
Boeing is also evaluating a plan to launch a new aircraft to
address what it calls a "middle of the market" that it believes can
find buyers among Asian carriers. Boeing has discussed the possible
new aircraft with several airlines and expects demand of about
4,000 such planes, Mr. Tinseth said.
The costs of designing and building a new aircraft type, which
will be Boeing's first new airliner in 15 years, has been a worry
for its investors. "We can build it at a cost that makes sense,"
Mr. Tinseth said, declining to give an estimate.
The new plane would overlap with the discontinued but still
widely used 757 and 767, ferrying 200 to 280 passengers up to
around 5,000 nautical miles. The industry expects the new model to
be called Boeing 797.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com
(END) Dow Jones Newswires
February 06, 2018 06:09 ET (11:09 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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