Purchasing for Oceania air fleet to soar

Aircraft maker Boeing says airlines in Oceania will spend $US120 billion ($A129 billion) to buy 920 new aircraft over the next 20 years, with the bulk of purchases tipped to be for single-aisle, fuel-efficient planes. The forecasts, contained in Boeing's Current Market Outlook report for 2010-2029, suggest airlines in the region such as Qantas, Virgin Blue and Air New Zealand will more than double their fleet from about 420 aircraft. Boeing has also changed its assumptions about how quickly Oceania-based carriers will retire old planes, and now expects all but a handful of those 420 planes to have been retired by 2029.

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