Boeing projects $770 billion market for new airplanes in Asia-Pacific.

Boeing detailed its 2005 Current Market Outlook (CMO) for the Asia-Pacific region, forecasting a market for about 7,200 new airplanes worth $770 billion over the next 20 years. Over the forecast period, Asia-Pacific will remain the largest market outside North America for new commercial airplanes. With the continued high rate of growth for Asia-Pacific air travel and air cargo markets, Asia-Pacific’s fleet will nearly triple to about 8,600 airplanes by the end of the forecast period. Nearly 7,200 new airplanes will be needed for future growth and replacement. Single-aisle airplanes, such as the Boeing 737 will be the largest category with a total of new airplane deliveries at 3,690 airplanes. Intermediate twin-aisles such as the Boeing 787 and 777 will comprise approximately 2,430 airplane deliveries. Regional jets will total 540 units delivered and 747-and-larger size airplanes will be 510 units delivered.