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CANBERRA - The world's largest aircraft manufacturer says aviation in the Oceania region will continue to grow as the market is further liberalised and new airlines enter the sector.
Boeing's 2006 market outlook also describes regional airlines as pioneers in a highly competitive market.
"Oceania has highly competitive markets, pioneering airlines and the second-highest freight growth of any region," the report says.
"Further liberalisation of international air service agreements will increase competition as additional carriers enter the market."
Boeing says new giant jets mean non-stop flights to Europe from Australia will become possible.
"Flights to Europe are mostly routed through Asia or the Middle East, but non-stop flights are likely as the capabilities of longer range twin-engine aircraft are proven."
Over the next 20 years the global aviation market will need 27,210 new airplanes worth a combined A$2.6 trillion ($3 trillion).
This means the number of aircraft in the world's skies will rise from 17,330 now to 35,970 by 2025.
This growing market, Boeing says, will shift the concentration of aviation from North America to the Asia-Pacific, including New Zealand.
"Airlines in the Asia-Pacific region will account for the highest value of airplane deliveries," said Boeing's senior manager of market analysis, Michael Warner.
- AAP
