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[video] Quick Take: Boeing Amps Up Production on Asia-Pacific Demand

NEW YORK (TheStreet) -- Boeing  (BA) forecasts that air traffic in the Asia-Pacific region could triple in the next 20 years. TheStreet's Brittany Umar takes a deeper look into the report.

Boeing estimates that because of this huge increase in demand, 12,820 new planes will need to be added to the existing fleet, Umar said. The set of planes would be valued at $1.9 trillion. 

In 2012, the fleet consisted of about 5,090 plans in the Asia-Pacific region. Boeing estimates that by 2032, the count will be up 14,750. 

Boeing said that roughly 69% of the 12,820 planes needed, will be Boeing 737s. Currently, the company produces 42 of these plans per month, which is up from the 38 planes per month last year. 

Umar added that by 2017, the company plans to be making 47 Boeing 737s per month to meet demand for the region. 

Shares were higher by about 1% near the open on Monday, but have since slumped to nearly flat on the session, Umar concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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