Boeing Co. (BA) expects airlines in Southeast Asia to buy more planes as the region remains one of the fastest growth markets for aviation.
Southeast Asia will take delivery of 4,210 new airplanes, valued at US$650 billion over the next 20 years, Dinesh Keskar, Boeing's senior vice president of sales for Asia Pacific and India, told reporters in Singapore on Friday. The forecast is 460 planes higher than a similar industry outlook Boeing gave last year.
Southeast Asia's aviation market will continue growing at 6.2% per year, outpacing the global growth rate by 1.5 percentage points, Mr. Keskar said.
"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% of the total Southeast Asian market by the end of the forecast period," Boeing said.
Malaysia Airlines B787 | youtube.com
Airport infrastructure in the region remains a challenge with cities slow to add capacity. Airlines have added planes faster than demand growth in recent years. However, Mr. Keskar said airlines will continue to take deliveries as new routes open and more people fly.
Malaysia Airlines, which announced plans to buy 16 more planes from Boeing earlier this month, is expected to place a formal order by the end of the year to follow a memorandum of understanding signed during Prime Minister Najib Razak's recent visit to the U.S., Mr. Keskar said.
Malaysia Airlines plans to buy eight Boeing 787-9 'Dreamliner' jets and an additional eight 737 Max planes, according to a company announcement earlier. The new Dreamliner jets are expected to be delivered starting end-2019, Mr. Keskar said.
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
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understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
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