Boeing Co. is confident its large pipeline of orders from Southeast Asian airlines will stay intact as the region's carriers are adapting to tough competition, a senior executive said yesterday. Dinesh Keskar, senior vice president of Asia Pacific and India sales, said Boeing forecasts demand for 3,750 new airplanes in Southeast Asia, valued at $550 billion over the next 20 years. Of the forecast demand, 76 percent will be for single-aisle aircraft such as the Boeing 737 and Airbus A320, according to Boeing. Keskar told a news conference ahead of the Singapore Airshow that the company was in a "good spot" with customers that include regional carriers such as Indonesia's Lion Air.
"In this highly competitive market, airlines are adding capacity and adapting with new business models, such as the growing number of low cost carriers," he said.
"There are significant, huge orders. The Boeing piece looks pretty simple and straightforward, and we have not seen any requests for deferrals." More than 1,000 companies, including Boeing and Airbus, are participating in the Singapore Airshow, which starts today and ends Feb. 21. The previous show in 2014 generated deals worth $32 billion.