Asia’s vibrant airline industry continues to grow

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Boeing has predicted China will require 6,810 new airliners over the next 20 year worth an estimated US$1.025 trillion. Randy Tinseth, vice president of marketing, Boeing Commercial Airplanes, said: "As China transitions to a more consumer based economy, aviation will play an important role in its economic development.” "Because travel and transportation are key services, we expect to see passenger traffic grow 6.4 percent annually in China over the next 20 years." The manufacturer predicts China will need 5,110 new single-aisle airliners in the period to 2035, accounting for 75 percent of the total new deliveries. It reported that low-cost carriers and full-service airlines have been adding aircraft and expanding new point-to-point services to cater for both leisure and business travel demand from a rising middle class in China and throughout Asia. China's single-aisle fleet currently accounts for about 18% of global single-aisle aircraft; however, the China’s wide-body fleet represents only about 5% of the global wide-body segment. Boeing forecasts China’s wide-body fleet will triple in size, requiring 1,560 new airliners. It said that the forecast reflects a continued shift from very large airliners to efficient new small and medium wide-bodies. Boeing also said that as a result of China's growing e-commerce business its air cargo business is expected to expand which will see a demand for 180 new freighters and 410 converted freighters. Vietnam Meanwhile in Vietnam, which is predicted to eventually become an Asian powerhouse economy, Vietjet has placed a firm order for ten A321ceo and ten A321neo airliners to meet growth on its domestic and regional network. The contract was signed in Hanoi by Vietjet President and chief executive Nguyen Thi Phuong Thao and Fabrice Brégier, Airbus president and chief executive. Vietjet has also delivered the third of three A320s to Thai Vietjet which will start services on September 15. State-owned Vietnam Airways has also ordered ten A350-900s which CAPA says will be a Higher Gross Weight version with an MTOW of 280 tonnes which will enable them to be able to operate non-stop from Los Angeles to Ho Chi Minh City. The contract follows an earlier order for 24 A350-900s with an MTOW of 268 tonnes. Four of these airliners are now in service. Malaysia AirAsia has taken delivery of its first A320neo. It is the first CFM International LEAP-1A powered A320neo in South East Asia and is fitted with 186 passenger seats. AirAsia is Airbus’ biggest airline customer for the A320 Family with a total of 575 aircraft ordered of which 404 are A320neo Family. These include 100 A321neos which were ordered at the Farnborough Air Show earlier this year. Singapore BOC Aviation, the Bank of China owned lessor, has ordered five Airbus A321ceo airliners. Hong Kong Hong Kong Airways ordered nine additional Airbus A330s taking fleet 31 including five A330 Freighters.