Tuesday, September 14, 2010

Boeing: Australia/New Zealand aircraft demand valued at $120 billion through 2029

Boeing forecasts that airlines in Australia, New Zealand and the South Pacific Islands will take delivery of 920 new aircraft valued at $120 billion over the next 20 years.

Boeing Commercial Airplanes VP-Marketing Randy Tinseth said the Australian economy has fared better than the rest of the world over the past few years, moving to growth well ahead of the global economy: “We’re seeing that growth reflected in passenger travel in this region, with Oceania air travel growth expected to be about 6% annually, compared to a world average growth of 5.3%” (ATW Daily News, July 16).

Tinseth added the Australian aviation market had been transformed by intense competition, airline innovation, the growth of LCCs and the deployment of new, more efficient aircraft. “In 2000, low-cost airlines provided just ......

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