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 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.23.16

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 09.28.16: NEW DJI Mavic!, EAA's Next STC, Sean Tucker Honored

Also: LA Times v SMO, APS UAT Program, Gordon Bennett 2016, Tucson Control Tower, Hubble Find, Southwest Airlines, Iowa State Another new small unmanned aerial system is now on the>[...]

AeroSports Update: Sean Tucker Is Honored By The CAF

Aerobatic Pilot Sean Tucker Receives The 2016 Lloyd P. Nolen Lifetime Achievement In Aviation Award Aerobatic pilot Sean D. Tucker has been named the recipient of the Lloyd P. Nole>[...]

Elon Musk Outlines Vision For Martian City

Rockets Carrying As Many As 200 People Could Leave For The Neighboring Planet In 'Decades' No one can deny that Elon Musk thinks big, and in a speech at the International Astronaut>[...]

Dutch Investigators Release Findings In MH17 Shootdown

Determines That The Missile 'Came From Russia' The Buk missile that destroyed Malaysia Airlines Flight MH17 over eastern Ukraine in 2014 came from Russia, according to a Dutch-led >[...]

ForeFlight, SiriusXM Introduce Satellite Aviation Weather Service

Weather And Other Key Information Available Using The SXAR1 Portable Receiver Today ForeFlight and SiriusXM introduced SiriusXM Aviation weather service on the newest version of Fo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC