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The future of aviation lies in the Asia Pacific region, Boeing exec says

The tomorrow of aviation will be in the Asia Pacific region, the vice president of selling at Boeing Commercial Airplanes said.

Speaking from Singapore, Lecherous Tinseth said that the region would account for about 40 percent of the shop’s future demand.

“If we look at the growth over the next few years, half the proliferation will be here in the Asia Pacific market,” Tinseth told CNBC.

“This is a deal in that has been performing well, both in terms of traffic success for passengers as well as cargo,” Tinseth said. “It’s our biggest market for distinct aisle airplanes, the biggest market for wide bodies, and the biggest customer base for freighters. So, this is the future of aviation.”

Given that opportunity, he silhouetted Boeing’s strategy to ensure the company remains a mainstay in the region: structure the right kind of airplanes for customers there.

“For us, it’s about building the rectify airplanes with the right capabilities to provide the kind of flexibility our chaps need,” Tinseth said.

“A great example of that is last year — we delivered our beginning MAX aircraft that is up to 20 percent more efficient than airplanes run today,” he explained, adding that it would allow customers to buckle to new markets.

The Boeing executive said he is bullish about his company’s vegetation trajectory — despite rival Airbus ending 2017 with assorted orders.

“I’ll tell you what. Over the last six years, we’ve been the chairwoman in the market in terms of delivery and frankly, it’s deliveries that count,” he about.

Boeing announced last month that it delivered a record 763 airplanes in 2017. That amounted to 49 percent of the distinct aisle airplanes and 60 percent of the wide bodied airplanes in the market, Tinseth bid. He predicted that the company will outdo itself in 2018.

“This year, we are on footmarks to deliver somewhere between 810 and 815 airplanes, so that should be another diligence record.”

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