Asia-Pacific, excluding Greater China, is expected to take delivery of 2,050 aircraft by 2036, according to a forecast by Canadian planemaker Bombardier Inc.
“Strong GDP growth and a booming middle class should drive passenger traffic numbers to triple in the next 20 years,” said Francois Cognard, vice president, sales, Asia-Pacific, at Bombardier. (bit.ly/2GUrQbQ)
As domestic connectivity in the region increases, the company sees an opportunity for 1,050 large regional aircraft of 50 to 100 seats and 1,000 small single-aisle aircraft of 100 to 150 seat.
The region will make up 16 percent of the worldwide market, which would be valued at $820 billion, Bombardier said.
With reports from Reuters