Boeing: China Needs 5,000 Airplanes | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.13.15

Airborne 04.14.15

Airborne 04.15.15

Airborne 04.16.15

Airborne 04.17.15

Airborne Hi-Def On YouTube

Airborne 04.13.15

Airborne 04.14.15

Airborne 04.15.15

Airborne 04.16.15

Airborne 04.17.15

Fri, Sep 09, 2011

Boeing: China Needs 5,000 Airplanes

Company Says Worldwide Market Is 33,500 Planes Through 2030

Boeing predicts growth in the Chinese airline industry will create a market for 5,000 new airplanes worth $600 billion in the next 20 years.

In announcing the forecast on Wednesday, Randy Tinseth, Boeing Commercial Airplanes VP of Marketing, explained the numbers through the year 2030. "Sustained strong economic growth, growing trade activities, increasing personal wealth and income, as well as continued market liberalization will be the driving forces...We expect China will be the second largest country taking new commercial airplane deliveries due to its air travel demand growing at an annual rate of 7.6 percent on average."

Boeing forecasts that small and intermediate twin-aisles, such as the Boeing 787 Dreamliner and 777, will account for 1,040 of those deliveries. Tinseth says major Chinese airlines will take advantage of their membership in major airline alliances to gradually shift their focus from domestic to international markets, and become competitive global players.

As a result of the boost for China's inbound tourism, the single-aisle market will also remain strong, with total deliveries expected to reach 3,550. Tinseth said Boeing's new 737 MAX family will be the most fuel-efficient, most capable airplane with the lowest operating costs in the single-aisle segment.

Worldwide, Boeing projects investments of $4 trillion for 33,500 new commercial airplanes to be delivered during the next 20 years.

FMI: www.boeing.com/commercial/cmo/index.html

Advertisement

More News

Airborne 04.17.15: DC Gyroplane Fallout, ICAS Airshow Update, Message To Space

Also: Blue Origin, Flying Cucumber?, BBJ Combi, NetJets Partners w/Ohio State, ExIm Helo Deal, Long-Range Navy UAS Obviously, the stunt pulled by Douglas Hughes of Ruskin, Florida >[...]

Aero-News: Quote Of The Day (04.19.15)

"Scientific literature is filled with papers on the characteristics of Pluto and its moons from ground based and Earth orbiting space observations, but we’ve never studied Pl>[...]

ANN's Daily Aero-Term (04.19.15): Air Navigation Facility

Air Navigation Facility Any facility used in, available for use in, or designed for use in, aid of air navigation, including landing areas, lights, any apparatus or equipment for d>[...]

India’s Heritage Aviation Acquires Two H125 Helicopters

Company Has Special Focus On Pilgrimage Tours In an acceptance ceremony held today in Marignane, India’s Heritage Aviation received two H125 helicopters acquired for charter >[...]

Boeing Supports Allen University, Provides Grant Award

Quarter-Million Dollar Investment To Help Restore Historic Chappelle Auditorium Boeing has presented a $250,000 grant for Allen University to support the restoration of an historic>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC