Burgeoning Asian Economy Will Drive Travel Demand Jun 01
- ID: 1791336
- June 2001
- Region: Asia
- Standard & Poors
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.
- Taiwan (Republic of China)
- China (People's Republic of )
- Indonesia (Republic of)
- Hongkong Electric Co. Ltd.
- Asia Global Crossing Ltd.
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