Airlines in the Asia Pacific region will invest more than 1 trln usd over the next 20 years to acquire thousands of new aircraft to meet growing traffic demand, aircraft maker Boeing said Monday.

The region will need a total of 8,350 new planes over the two decades, Boeing said.

Asia-Pacific is set to be the biggest market for new aircraft deliveries in terms of the value of the orders, accounting for 36 percent or 1.02 trln usd of the 2.8 trln usd that airlines are projected to spend in the next 20 years. Globally, the airline industry will require more than 28,600 aircraft over the next two decades, said Boeing.

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