Boeing sees rosy skies for China and Asia Pacific
Source: Xinhua |
March 9, 2011, Wednesday
|
Print Edition
Print Edition
CHINA'S annual air traffic may rise 7.6 percent in the next two decades, Boeing Co, which is a leading provider of passenger planes to the country, said at the Asian Aerospace Expo and Congress held in Hong Kong yesterday.
Meanwhile, the Asia Pacific region is set to see air travel grow 6.8 percent. The two figures exceed the world's air traffic average growth of 5.3 percent.
The vice president of marketing for Boeing Commercial Airplanes, Randy Tinseth, said in a news briefing that the demand is driven by rising tourism in Asia Pacific, which will account for 44 percent of the world's total tourism in 20 years, up from about 34 percent now. "This is sweet music to an airplane manufacturer's ears," Tinseth said.
The bullish outlook is not limited to growth in passenger service as global air cargo traffic will also triple over the next 20 years, according to Jim Edgar, Boeing's regional director of cargo marketing.
He expects global air cargo traffic to grow 5.9 percent annually, and Asia will continue to be at the forefront of the air cargo industry by rising 6.8 percent in 20 years.
Edgar said China represents 40 percent of the trans-Pacific cargo market, and Hong Kong is a gateway for air cargo connecting China with the world. "This area stands to benefit greatly from future increases in air cargo traffic."
Meanwhile, the Asia Pacific region is set to see air travel grow 6.8 percent. The two figures exceed the world's air traffic average growth of 5.3 percent.
The vice president of marketing for Boeing Commercial Airplanes, Randy Tinseth, said in a news briefing that the demand is driven by rising tourism in Asia Pacific, which will account for 44 percent of the world's total tourism in 20 years, up from about 34 percent now. "This is sweet music to an airplane manufacturer's ears," Tinseth said.
The bullish outlook is not limited to growth in passenger service as global air cargo traffic will also triple over the next 20 years, according to Jim Edgar, Boeing's regional director of cargo marketing.
He expects global air cargo traffic to grow 5.9 percent annually, and Asia will continue to be at the forefront of the air cargo industry by rising 6.8 percent in 20 years.
Edgar said China represents 40 percent of the trans-Pacific cargo market, and Hong Kong is a gateway for air cargo connecting China with the world. "This area stands to benefit greatly from future increases in air cargo traffic."
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