HONG KONG - Hello from China, where I took part in ISTAT Asia this week. And what better place to talk about airplanes since the Asia Pacific region is driving global aviation growth.
A whopping 100 million new airline passengers will pass through this region each year. That’s just one reason we project Asia Pacific will need 12,820 new airplane valued at $1.9 trillion over the next two decades. 69 percent of those new deliveries will be for single-aisle airplanes, and rest assured that our sales team is hard at work talking with our customers about the 737 MAX.
China itself accounts for about 16 percent of the total demand in the region. In fact, more than 50 percent of all the commercial jets operating in China are Boeing airplanes.
The 777 plays a huge role in this region. Half of all 777 flights operate to and from Asia— and the 777 is used for more than 50 percent of flights longer than 8,000km.
And the market recognizes the 777’s advantage. Since the first A350-1000 order in 2007, the 777-300ER has outsold it 2 to 1.
I’ll leave you with a great view of Hong Kong that I took from the Ritz-Carlton, as well as some delicious cuisine.