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Boeing bullish on Asia/Pacific
Boeing is forecasting that the Asia/Pacific region will be the world's largest aviation market over the next 20 years, with a need for 8,960 aircraft seating more than 100 passengers worth $1.1 trillion.
The manufacturer said that 40% of the world's airline traffic will begin, end or take place within the region. Over the two decades, Asia/Pacific air travel will grow from 32% of the global market to 41%. The area currently accounts for more than 8,300 flights and 1.2 million passengers daily and travel is expected to grow 6.5% per year over the next 20 years.