Boeing: China Needs 5,000 New Airliners Over Next 20 Years

Thursday, September 8, 2011

With the U.S. fading and China rising, Boeing says sustained economic growth, growing trade activities, increasing personal wealth and personal income, are the driving forces in shaping China’s exploding air travel market.

The figure projected by Boeing is up 700 airliners from November 2010, when Boeing predicted that China would require around 4,330 new commercial airplanes over the next 20 years. The increase is the result of air travel demand growing by around 7.6 percent per year in China.

Boeing expects small and intermediate twin-aisles, such as the Boeing 787 Dreamliner and the wide-body 777, will be a significant part of these 5,000 deliveries. These airliners will constitute over 40 percent of the market value in sales, with 1,040 deliveries anticipated.

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2 Responses to Boeing: China Needs 5,000 New Airliners Over Next 20 Years

  1. DMason says:

    Finally, some good news for Boeing. 5,000 brand, spanking new airliners will employee many U.S. workers and help the local economies of Seattle and South Carolina. I’m glad someone is buying Boeing jetliners and not Airbus jets.

  2. Jolly Roger says:

    Don’t hold your breath. There is an excellent chance that the Chinese economy is going to dive right after Christmas. It isn’t a sure thing (what is?,) but the trouble in the Eurozone, coupled with our own economic performance, means a whole lot of people won’t be buying a whole lot of junk this year.

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