20-year outlook projects 4,210 new airplanes needed, valued at USD 650 billion

SINGAPORE, Sept. 21, 2017 /PRNewswire/ -- Boeing [NYSE: BA] projects a demand for 4,210 new airplanes, valued at USD 650 billion, over the next 20 years in Southeast Asia.

The company presented its
Southeast Asia Current Market Outlook (CMO) today during a briefing at
Boeing's regional headquarters in Singapore. The annual
report forecasts the region will continue its strong annual traffic
growth at 6.2 percent, outpacing the world's average growth rate by 1.5
percent.

"Southeast Asia
continues to be one of fastest growing markets in the world – and a key
focus area for Boeing – as the region accounts for more than 10 percent
of the total global demand," said Dinesh Keskar, senior vice president of Asia Pacific and India Sales, Boeing Commercial Airplanes.

"Driven by fierce competition and growing passenger demand, airlines in Southeast Asia
need the most capable, flexible, economical and passenger preferred
airplanes available," added Keskar. "With their new technologies,
superior capabilities and advanced efficiencies, the continued orders
for the 737 MAX, including the new 737 MAX 10, as well as the 787
Dreamliner, demonstrate the value Boeing's airplanes are providing to
airlines in region."

Single-aisle airplanes, such as
the 737 MAX family, will account for more than 70 percent of new
deliveries. As in previous years, the low-cost business model continues
to be a main driver of traffic growth in Southeast Asia, growing to more than 50 percent of the total Southeast Asian market by the end of the forecast period.

New Airplane Southeast Asia Deliveries Through 2036

Airplane type

Total new deliveries

Dollar value

Regional jets

40

Single-aisle

3,230

USD 370B

Small widebody

610

USD 170B

Medium/Large widebody

320

USD 110B

Freighters

10

Total

4,210

USD 650B

Boeing projects a worldwide
demand for 41,030 new airplanes over the next 20 years. Boeing's Current
Market Outlook is the longest running jet forecast and regarded as the
most comprehensive analysis of the aviation industry. The full report
can be found at www.boeing.com/cmo.

Forward-Looking Information Is Subject to Risk and Uncertainty

Certain statements in this
release may be "forward-looking" within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "expects,""forecasts,""projects,""plans,""believes,""estimates" and similar
expressions are used to identify these forward-looking statements.
Examples of forward-looking statements include statements relating to
our future plans, business prospects, financial condition and operating
results, as well as any other statement that does not directly relate to
any historical or current fact. Forward-looking statements are based on
current assumptions about future events that may not prove to be
accurate. These statements are not guarantees and are subject to risks,
uncertainties and changes in circumstances that are difficult to
predict.

Many factors could cause actual
events to differ materially from these forward-looking statements,
including economic conditions in the United States and
globally, general industry conditions as they may impact us or our
customers, and other important factors disclosed previously and from
time to time in our filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date they are made and
we undertake no obligation to update or revise any such statement,
except as required by law.

Contact:

Joanna Pickup
International Communications
Boeing Commercial Airplanes
+1 425-879-6077
joanna.pickup@boeing.com

SOURCE Boeing