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What can you buy for 1.9 trillion dollars?
If you’re looking for a growth industry, what about airlines? Boeing says operators in the Asia Pacific region will need around 13 thousand new planes over the next twenty years. That's worth around one point nine trillion dollars and would represent some 36 per cent of global deliveries of passenger and freight planes.
Boeing said “over the next twenty years, half the world’s air traffic growth will be driven by travel to, or from within Asia." Single aisle planes will represent more than two thirds of new jets in the region, according to Boeing as budget airlines across the area come to the fore. The number of people worldwide who traveled by air exceeded three billion for the first time in 2013.
Boeing shares are up 68% in a year. Airbus are up 20 per cent in the same period, still just beating the S and P 500. But it’s fighting back; it’s been showing off its new wide-body A 350 jet ahead of Asia’s biggest airshow. And it’s claiming it’s beating Boeing at least in orders.
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