Boeing Forecasts Northeast Asia to Take Delivery of 1,350 Commercial Jets by 2042

Dark/Light Mode (24/10/23)  Boeing has forecast that air travel in Northeast Asia, driven by proximity to emerging markets in Asia Pacific, will see growth over the next 20 years outpace regional economic growth.

Boeing expects 5.9% annual passenger traffic growth in the region, outperforming the region’s annual economic growth rate of 1.2% over the next two decades.

The largest traffic flow from Northeast Asia in 2042 is expected to be to Southeast Asia.

“As international traffic recovers, Northeast Asia will continue to serve growing markets throughout Asia Pacific, as well as trans-Pacific routes to North America,” said Dave Schulte, Boeing Commercial Marketing Managing Director for Asia Pacific. “We anticipate continued strong twin-aisle demand to serve both short-haul and long-haul routes. Growing single-aisle deliveries will support an expected expansion of low-cost carriers (LCCs) in the region.”

Boeing 737 MAX 7. Picture by Steven Howard of TravelNewsAsia.com

The Northeast Asia market is expected take delivery of 1,350 new airplanes by 2042, with 70% of the current fleet replaced by new, more fuel-efficient aircraft, that will improve sustainability and the competitiveness of the region’s airlines.

As passenger totals for intra-Asia and international flights climb, LCC market share is expected to reach 25%, with capacity levels more than doubling.

Boeing’s annual Northeast Asia Commercial Market Outlook (CMO) includes the following projections through 2042:

- Widebodies will account for 40% of passenger airplane deliveries compared to the global average of 17%;

- The region’s single-aisle fleet will almost double from 500 airplanes to 920;

- Demand for aviation personnel will rise to 90,000 new professionals, of which will be 23,000 pilots, 28,000 technicians and 39,000 cabin crew members; and

- The commercial fleet will generate demand for $170 billion in aviation services including maintenance, repair, training and spare parts.

Commercial Airplane Deliveries to Northeast Asia (2023-2042)

Regional Jet: <5
Single Aisle: 790
Widebody: 520
Freighter: 40

Total: 1,350.

Latest exclusive video interviews: SITA Reports Record Results; Future of Air Travel - Podcast and Video Interview with Sumesh Patel, President of SITA Asia Pacific; Miss International Queen 2024 (MIQ 2024) - Interview with Alisa Phanthusak, MD, Tiffany's Show Pattaya, Thailand; 16 HD Video Interviews from Routes Europe 2024 in Aarhus, Denmark; 9 HD Video Interviews from Routes Asia 2024 in Langkawi, Malaysia; Standard to Open Residences in Hua Hin and Phuket, Thailand; Video Interview with Amar Lalvani, Executive Chairman; 9 Exclusive Video Interviews from ASEAN Tourism Forum 2024 in Vientiane, Laos; 8 NTO Press Conferences from ASEAN Tourism Forum 2024 in Vientiane, Laos; 13 HD Video Interviews from World Travel Market 2023 in London, England; 5 HD Video Interviews from APG World Connect 2023 in Monaco, France; and 15 HD Video Interviews from Routes World 2023 in Istanbul, Türkiye.