| 30,000 new planes coming in the next 20 years |
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| World Affairs Talk | |
| Saturday, 16 June 2007 | |
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Boeing forecasts that the worldwide aviation sector would deliver 28,600 commercial aircraft over the next 20 years worth a total 2.800 trillion dollars. Air travel is going to continue to grow, driven by economic growth, world trade liberalisation and by the availability of new, more capable and more efficient airplanes. The world air transport is very concentrated. Half of the world's largest fleet is operated by just 17 largest airlines (of some 650 world-wide) and half of all available seat-kilometre flown by the scheduled airlines are focused on the top 6% of routes linking no more than 33 airports. Airlines are required to have a citizenship to maintain their operating rights, making intercontinental mergers impossible. Airlines, therefore, have created alliances to capture revenue synergies of an expanded network. By doing this, they gain as much as 70%-80% of outright merger benefits. The Asia-Pacific region would account for a 36-percent stake of the 2.8-trillion-dollar market, North America would have 26 percent, while Europe, Russia and the Commonwealth of Independent States would represent one quarter. The projected deliveries will take the world's total commercial airplanes fleet to 36,400 jets by 2026, according to Boeing’s predictions. The week-long Paris Air Show, one of the world's biggest aviation shows, is scheduled to be staged on the current week. It is expected to feature more frenetic deal-making for Boeing and European rival Airbus when it kicks off on 18 June. Brokerage analysts expect deals for at least 300 planes worth $30 billion at list prices to be announced at the event and the organizers expect 500,000 visitors, 2,000 exhibitors and 140 aircraft on display on the event. Some 40 flying demonstrations will include the Airbus A380 superjumbo, Eurofighter Typhoon combat jet and Eurocopter Tigre attack helicopter. Share & Bookmark             |
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| Last Updated ( Tuesday, 19 June 2007 ) |
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