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Boeing predicts $130 billion aircraft market in Oceania by 2030

written by australianaviation.com.au | July 12, 2011

photo - Rob Finlayson

Boeing has forecast a $130 billion market for 970 aircraft for the Oceania region – Australia, New Zealand and the South Pacific – over the next 20 years, its latest Current Market Outlook 2011 released at last month’s Paris Airshow shows.

Single aisle aircraft will account for 69 per cent of the 970 aircraft expected to be required over the next 20 years (670 units), according to the forecast, while twin-aisle aircraft will account for 27 per cent of deliveries (262 units), large category airliners will take up three per cent (29 units), and regional aircraft one per cent (about nine aircraft).

“The number of aircraft in service in Australia has increased by 51 per cent over the past decade. That’s a trend we expect to continue, with 57 per cent of new aircraft forecast for delivery into Oceania over the next 20 years to account for growth,” Boeing Commercial Airplanes vice president of marketing, Randy Tinseth said.

“Australia continues to be a strong market for Boeing aircraft. The local jet fleet will continue to grow and be renewed with Boeing 737s, and 787s currently on order for Virgin Australia, Qantas and Jetstar,” he added.

According to the company, Boeing aircraft currently account for 53 per cent of Australia’s commercial aircraft fleet and 69 per cent of the current backlog.

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