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 02.23.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Airborne Hi-Def On YouTube

Airborne 02.23.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

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 02.27.15: CS300 Flies, Nimoy Goes West, NTSB's Hart OK'd, PBOR II

Also: Bell 505 Update, Mooney Update, UAV Hysteria, AAR Sells Telair, True Blue Power, More UAV Waivers, Flyers Rights The Bombardier CSeries CS300 airliner made its first flight t>[...]

Aero-News: Quote Of The Day (03.01.15)

“Sentinel 2 is the next important milestone to deploy Europe´s Copernicus program for which Airbus Defence and Space is a key contributor. In particular, we are prime c>[...]

ANN's Daily Aero-Term (03.01.15): Advancing Blade

Advancing Blade That half of the rotor disc in which the rotation of the blade is moving in the same direction as the movement of the helicopter. If the helicopter is moving forwar>[...]

ANN's Daily Aero-Linx (03.01.15)

Aero Linx: The New England Helicopter Council The New England Helicopter Council is committed to promoting rotorcraft aviation through and for the benefit of our membership. If you>[...]

CASA Grants Extension On Small Aircraft Licensing Transition

Australian Agency Lengthens Training Period For Maintenance Candidates The Civil Aviation Safety Authority of Australia has extended the training period for individuals seeking a s>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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