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China's Airplane Demand Forecast

Boeing: China will need 5000 new planes over next 20 years

Sep 13, 2011

The Boeing Company, China’s leading provider of passenger airplanes, projects that China will require 5,000 new commercial airplanes valued at $600 billion over the next 20 years.

“Sustained strong economic growth, growing trade activities, increasing personal wealth and income, as well as continued market liberalization will be the driving forces in shaping China’s air travel market,” said Randy Tinseth, Boeing Commercial Airplanes vice president of Marketing, who shared the forecast today that featured Boeing’s outlook for China’s commercial airplane market through 2030.

Boeing forecasts that small and intermediate twin-aisles, such as the Boeing 787 Dreamliner and 777, will be a significant part of these deliveries. They are expected to constitute over 40 percent of the market in value, with some 1,040 deliveries anticipated. Major Chinese airlines, taking advantage of their membership in the major airline alliances, will gradually shift their focus from domestic to international markets to become competitive global players, Tinseth pointed out.

Directly and through subsidiaries and joint ventures, Boeing China employs 6,000 workers. It is the single largest purchaser of made-in-China aviation parts, committing hundreds of millions of dollars to dozens of suppliers. It also represents aircraft and services interests with annual turnover of roughly $5 billion dollars.

Boeing: China will need 5000 new planes over next 20 years
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Source: Boeing

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