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Boeing sees new aircraft demand worth US$550b in SE Asia in 20 years

[SINGAPORE] Southeast Asia requires 3,750 new aircraft worth US$550 billion in 20 years from 2015, a senior Boeing executive told a press conference ahead of the Singapore Airshow that starts on Tuesday.

Of this, 76 per cent will be for single-aisle aircraft like the Boeing 737 and Airbus A320, said Dinesh Keskar, senior vice-president for Asia Pacific and India sales at Boeing.

This will be largely driven by low-cost carriers, and the growth of markets such as Indonesia, Myanmar and Vietnam, he added.