UPDATE 2-AIRSHOW-Boeing sees Asia-Pacific fleet nearly tripling over 20 yrs
* Boeing predicts nearly 13,000 more planes needed by 2032
* Closely watching currencies, economic growth
* Singapore Airlines, Garuda eye more orders
* Budget carriers fuel demand for single-aisle planes
By Anshuman Daga and Siva Govindasamy
SINGAPORE, Feb 10 (Reuters) - The world's biggest planemaker Boeing expects nearly half of the world's air traffic growth will be driven by the Asia-Pacific region over the next 20 years, but is monitoring local currencies to assess airlines' ability to meet orders.
On the eve of the Singapore Airshow, Boeing forecast the fleet of aircraft in the region would triple in size over the next two decades, sparking demand for close to 13,000 more planes valued at $1.9 trillion.
Air travel has surged in the region, driven by a rise in disposable incomes and low air fares offered by budget carriers, notably in Southeast Asia.
But Randy Tinseth, vice-president of marketing at Boeing Commercial Airplanes, sounded a note of caution, saying market conditions were being monitored closely for any signs of overcapacity. Continued...