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Burgeoning Asian Economy Will Drive Travel Demand Jun 01

Standard & Poors, June 2001


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Abstract
The thoughts expressed in Guest Opinion are those of the writers and do not necessarily reflect the views of Standard & Poor's. Record aircraft sales are forecast for the volatile Pacific Rim, and the divergent approaches taken by the principal airframe manufacturers are heightening the competition. Boeing continues to be influenced by the prospect of market fragmentation, while Airbus remains focused on technology advances. New aircraft designs exemplified by the A380-800 and the Mach 0.95 'Sonic Cruiser' have intensified the rivalry in an already ferociously competitive marketplace. Judging by Asia's long-term economic outlook, the next 10-20 years hold the potential for brisk sales of new commercial aircraft to carriers throughout the region as they try to accommodate increasingly strong demand...

Companies mentioned in this report are: Boeing Co.,Bank of America Corp.,Japan (Unsolicited Ratings),Taiwan (Unsolicited Ratings),China (People's Republic of),Indonesia (Republic of),Hongkong Electric Co. Ltd.,Asia Global Crossing Ltd.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.




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