Boeing Projects Asia Pacific Will Be Largest Aviation Market in World

Region will invest $1.1 trillion in new airplanes, 35 percent of world value

HONG KONG, Sept. 9 /PRNewswire-FirstCall/ -- Boeing (NYSE: BA) forecasts that
the Asia Pacific region will rank as the world's largest aviation market over
the next 20 years, requiring 8,960 new commercial jets valued at approximately
$1.1 trillion. Asia Pacific is the largest market in the forecast for new
airplanes in terms of both units required and market value.

"Twenty years from now more than 40 percent of the world's airline traffic
will begin, end or take place within the Asia Pacific region," said Boeing
Commercial Airplanes Vice President - Marketing, Randy Tinseth. "That's a big
leap for a region that was not even mentioned in our earliest Boeing market
forecasts back in the 1950s."

Tinseth said between now and 2028, Asia Pacific air travel will grow from 32
percent of the world market to 41 percent.

The Asia Pacific region covers a broad area including Japan, Korea, China,
Australia and India and currently accounts for more than 8,300 flights and 1.2
million travelers daily. In less than 10 years, it will be the largest air
travel market in the world, according to the Boeing outlook released today in
Hong Kong. Travel in the region is expected to grow at an average annual rate
of 6.5 percent over the next 20 years.

"This is clearly a difficult time in the aviation market, and today's
challenges are reflected in the Boeing forecast, but we do expect the growing
Asia markets to lead the industry into recovery," said Tinseth.

Strong domestic growth in China, India and other emerging Asian nations will
contribute to high demand for single-aisle airplanes. Over the 20-year
forecast period, more than half of the deliveries, some 5,600, will be
single-aisles. With just 330 deliveries, the percentage of the fleet's large
category will decrease from 10 to 4 percent as airlines switch to more
efficient mid-size twins and even larger single-aisle jets. Airlines in the
Asia Pacific region will take delivery of 2,590 twin-aisle airplanes. Regional
jet deliveries will total 440.

The Asia Pacific fleet will nearly triple from 3,910 to a total of 11,170
airplanes. More than 80 percent of this demand will be for growth. Delivery of
new, more fuel-efficient airplanes ensures the region's fleets will remain
among the youngest in the world.

Boeing's projection also shows the Asia Pacific region as a growth leader in
the long-term global air cargo market, with routes within China, within Asia
and those connecting Asia to other regions outpacing the global average growth
annual rate of 5.4 percent over the next 20 years.

"Despite an unprecedented contraction during 2008 and 2009, we remain
confident in the strength of the global air cargo market over the long haul,"
said Jim Edgar, regional director, Cargo Marketing, Boeing Commercial
Airplanes. "The air cargo industry is supported by sound fundamentals -- the
imperative for speed, consumer product innovation and global industrial
interdependence are key drivers -- as well as global GDP projections of about
3 percent annual growth."

Asian carriers will add about 750 freighters to the region's fleet to
accommodate growth and airplane retirements, about 27 percent of the world
requirement - second only to the more mature, but slower growing, North
America market.

More information on the Asia Pacific market forecast can be found at:
www.boeing.com/cmo

Contacts:

Linda Lee
Boeing Commercial Airlines Communications
+1 206-331-8298
linda.a.lee@boeing.com

Mark Hooper
Boeing International Corporate Communications
+852-2160-9377 office
+852-9187-3525 mobile
mark.g.hooper@boeing.com

Alvin Chung
Ketchum Hong Kong
+852-3141-8080
alvin.chung@knprhk.com

SOURCE Boeing

Linda Lee of Boeing Commercial Airlines Communications, +1-206-331-8298,
linda.a.lee@boeing.com, or Mark Hooper of Boeing International Corporate
Communications, +852-2160-9377, mobile, +852-9187-3525,
mark.g.hooper@boeing.com; or Alvin Chung of Ketchum Hong Kong, +852-3141-8080,
alvin.chung@knprhk.com, for Boeing