Boeing’s longstanding partnership with Southeast Asia dates back to the 1940s, when the region’s overall aviation industry was still in its infancy. Throughout the years, the world’s leading aerospace company has played a vital role in the development of the region’s aerospace capabilities in the commercial, defense and services sectors.
Today, Boeing continues to invest in Southeast Asia, which remains one of the fastest growing markets in aviation. Boeing expects strong future demand for its commercial airplanes. The Boeing Current Market Outlook forecast for Southeast Asia projects a need for 4,210 new aircraft valued at US $650 billion over the next two decades. The region is expected to generate annual traffic growth at 6.2 percent, outstripping the global growth rate of 1.5 percent.
Singapore is Boeing’s Southeast Asia headquarters, where operations range from commercial aircraft and defense procurement, services support and training to advanced research collaboration with the public and private sectors.
Other key markets where Boeing has a strong business footprint include Brunei, Indonesia, Malaysia, the Philippines, Thailand and Vietnam.
Ralph L. “Skip” Boyce has served as president of Boeing Southeast Asia since February 2008. He is responsible for strengthening the company’s presence across the region and supporting Boeing growth and productivity opportunities.