Boeing Co aid on Wednesday that China will need 3,710 new commercial airplanes worth $390 billion over the next 20 years, maintaining its position as the world’s fastest growing aviation market.
China will account for 41 percent of the Asia-Pacific region’s airplane demand, Randy Tinseth, a Boeing vice president for marketing, said in a statement.
The mainland’s air travel and air cargo market growth will more than triple the country’s fleet to 4,560 airplanes by 2027, about the number of airplanes flying in Europe today, according to the statement.
The company said global demand for new commercial airplanes over the next two decades will total $3.2 trillion, or about 29,400 aircraft.
Single-aisle and intermediate twin-aisle planes will make up 91 percent of China’s total demand in terms of value, while only a limited number of large airplanes (747-size and larger) will be needed.
China is the focus for Boeing and rival EADS Airbus unit, which has equally rosy forecasts for the mainland market as its booming economy demands more long-haul planes.
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But it will be interesting to see how markets are going there. Is boeing strong at all there, Airbus is from Europe and political situation is better for Euro guys…
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