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China will need airplanes for $780 billion

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Staff writer ▼ | September 13, 2013
Boeing projects a demand for 5,580 new airplanes in China over the next 20 years valued at $780 billion.
Boeing
BoeingBoeing projects a demand for 5,580 new airplanes in China over the next 20 years valued at $780 billion.


The company's annual China Current Market Outlook forecasts the country's fleet to triple in size over the next two decades.

"Thanks to strong economic growth and increased access to air travel, we project China traffic to grow at nearly 7 percent each year," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes.

Tourism in China and intra-Asia travel will help spur a strong demand for single-aisle airplanes, with total deliveries in that segment reaching 3,900 through 2032. Tinseth said both the Next-Generation 737 and the new 737 MAX offer significant advantages in improved capabilities, fuel efficiency and maintenance costs, as well as enhanced environmental performance.

Long-haul international traffic to and from China is forecasted to grow at an annual rate of 7.2 percent. The international growth is primarily driven by anticipated passenger traffic between China and North America, Europe, the Middle East, Oceania and Africa.

This growth in the long-haul segment is expected to result in demand for an additional 1,440 new fuel-efficient widebodies, such as the 787 Dreamliner, 777 and 747-8 Intercontinental.


 

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