The aviation industry in Southeast Asia has recorded significant growth over the past few years. The total seat capacity of Southeast Asia airlines experienced double-digit growth in the four-year period of 2009-2013. It has established itself as one of the world’s fastest growing aviation markets – and has huge potential for more rapid growth. Nearly all of the 10 countries that comprise ASEAN have robust economies and expanding middle classes, resulting in a favorable environment for airlines.
Moreover, Southeast Asia is the only region or sub-region in the world that has as many aircraft on order as active fleet. There are currently about 1600 active aircraft and 1600 orders from Southeast Asian airlines and airline groups, according to the CAPA Fleet Database. About three-quarters, or 1200, of the orders are from LCCs.
Southeast Asian passenger traffic has grown by more than nine per cent since 2010, with intra-Southeast Asian traffic projected to increase by 7.7 per cent over the next 20 years.
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