Photo: ReutersSingapore: Airbus and Boeing have never had it so good in Asia. To meet that demand, Boeing estimates carriers will need 16,050 new aircraft valued at $2.5 trillion by 2036. Top buyers of planesAirlines in Asia Pacific make up for the biggest portion of the orderbooks for Airbus and Boeing. The average operating profit margin for Asia Pacific airlines is likely to drop for a second year to 8.1%, according to IATA. In Beijing, a new $12.9 billion airport due to open in 2019 will turn China’s capital into one of the world’s biggest aviation hubs.

Source: Mint February 05, 2018 06:00 UTC