Asia Pacific to become top airplane market

posted by   kashmira (94)   17 months ago (avindia.blogspot.com)

The Asia Pacific region is moving up to become the world's single largest aircraft market in the next two decades in terms of new plane purchase value, up from second place at present. At US$1,020 billion, the region, spanning from Japan to Afghanistan and including Australia and New Zealand, would account for more than one-third of the value of airplanes delivered between 2007 and 2026, according to the US manufacturer Boeing.The region is also expected to take delivery of 8,350 planes in the period, second only to North America which is forecast to acquire 9,140 new planes.China