Boeing Expect Many More Orders

Muhammed El-Hasan

on September 10, 2009 8:35 AM | Permalink | Comments (0) |

Good news for local Boeing suppliers.

Boeing says Asia Pacific region will need 8,960 new jets

(Seattepi.com) The Asia Pacific region will be the world's largest aviation market over the next two decades, requiring 8,960 new commercial jets, worth approximately $1.1 trillion, according to a forecast Boeing released Wednesday at the Asian Aerospace Expo in Hong Kong.

"Twenty years from now more than 40 percent of the world's airline traffic will begin, end or take place within the Asia Pacific region," Randy Tinseth, vice president of marketing for Boeing Commercial Airplanes, said in a news release. "That's a big leap for a region that was not even mentioned in our earliest Boeing market forecasts back in the 1950s."

Read more about Boeing.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

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Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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Boeing Expect Many More Orders

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