Asia's growth from the sweeping economic recession is seeing solid performances by major carriers across the Asia Pacific region and adding more momentum to the increase of aerospace manufacturing development in China, Japan and Korea, as well as other Asian countries.

The region's economy is expected to grow at a rate of 4.6 percent per year for the next 20 years with China leading the growth among emerging markets, significantly ahead of the rest of the world. These macro-economic trends are ensuring that exhibitor interest in Asian Aerospace '11 is commensurately high, with visionary companies looking to build relationships and strategically position themselves for long-term growth in Asia. Boeing, CFM International, COMAC and Mitsubishi are amongst the major aircraft manufacturing companies that have already committed to a major exhibition presence at the show that took place in Hong Kong earlier this year.

Experts say half of the world's new traffic added during the next 20 years will be to, from, or within Asia. Total traffic for the region will grow 6.8 percent per year during the period, and shorter-haul flying, including domestic travel and international travel within the region, will grow 7.1 percent per year. Air cargo growth will total 6.8 percent per year during the next 20 years. To modernize their fleets through current complex machining technologies, and meet the growing demand for air travel, Asia Pacific airlines will need 10,320 new airplanes, valued at more than $1.3 trillion, over the next 20 years. The number of airplanes in the Asia Pacific fleet will nearly triple, from 4,110 airplanes in 2009 to 12,200 airplanes in 2029 in the span of just two decades.

Airlines in Asia and the Pacific will acquire some eight thousand new passenger and cargo aircraft over the next 20 years, according to European aircraft manufacturer Airbus. Valued at US$1.2 trillion, the requirement represents one third of predicted global deliveries between now and 2028, with the region driving demand for larger aircraft types. In the passenger market, Airbus predicts that traffic in the region will grow at an average annual rate of 5.9 per cent, while cargo traffic will increase by 6.3 per cent per year. As a result of this growth and continuous fleet replacement, the region is expected to take delivery of some 880 very large aircraft, 2,570 twin aisle widebodies and 4,560 single aisle aircraft. To learn more about aircraft manufacturing, please visit www.arnoldeng.com.