Saturday, September 23, 2017

Asean airlines seen buying 4,210 planes over 20 years

SINGAPORE - Boeing Co said on Friday it had increased its 20-year forecast for Southeast Asian demand by 460 aircraft, the largest jump of any global region, as low-cost carriers make travel more accessible.
Boeing sees demand for 4,210 new aeroplanes worth $650 billion in Southeast Asia over the next two decades, based on an estimate of annual traffic growth of 6.2%. That is up from last year's forecast of 3,750 aircraft valued at $550 billion.
"Look at countries like Vietnam, Thailand and Indonesia -- that infrastructure has to grow and will grow," said Dinesh Keskar, Boeing's vice president for Asia-Pacific and India sales. "Aviation is the biggest source of tourism for the countries, it is the biggest source of moving people and moving cargo."
Southeast Asia, home to rapidly growing low-cost carriers like Indonesia's Lion Air, Vietnam's VietJet and Malaysia's AirAsia Bhd, is taking on greater importance for Boeing and Airbus SE as North American and European markets are more mature with far lower growth rates.
Mr Keskar said single-aisle aeroplanes like the 737 MAX and Airbus SE A320 were set to account for more than 70% of new deliveries as most travel in the region is expected to to be short-haul.
China is also trying to compete in this market. The C919 narrowbody, which took its first test flight in May, has received 730 orders to date.


FORBES-Low Prices, Packed Planes: A Passenger Safety Issue?

I cover the travel biz: airlines, hotels, rental cars and destinations Opinions expressed by Forbes Contributors are their own.
A Boeing 737-800 of Irish low-cost passenger carrier Ryanair is pictured on November 24, 2016 at Toulouse-Blagnac airport. / AFP / PASCAL PAVANI (Photo credit should read PASCAL PAVANI/AFP/Getty Images)
Prince Philip, famous for his gaffes, once said he’d heard of “something called economy class, which sounds ghastly.” Although being a Prince means never having to fly economy, many think coach, with its constant cramming of more, ever-smaller seats into ever-narrower rows, has become as ghastly as he described.
Does the situation create potential safety issues?  Questions are being asked about just how easy it is to evacuate a densely-packed 737. The web-based news outlet the Daily Beast reported that the tests to determine whether all passengers can safely exit a cabin in an emergency are outdated and do not reflect how densely packed coach class seating has become. The size of passengers themselves has also increased; the average dress size of American women is now 16.


Thailand's Nok Air plans to raise Bt1.7-bn to stay afloat

Thai to increase its stake by Bt350m to help struggling budget airline in three-stage rehabilitation plan.

THE UNPROFITABLE budget airline Nok Air plans to raise about Bt1.7 billion for aircraft maintenance and rent in an effort to return to making money.
The plan appears to be in motion after Patee Sarasin resigned as Nok Air’s president earlier this month, prompting Thai Airways International (THAI), which owns 21 per cent of Nok Air, to signal its readiness to support the budget airline’s plan.
Piya Yodmani, chief executive officer of Nok Air, said yesterday the company would probably raise about Bt1.7 billion through a planned capital increase.