The future for the China aircraft market: more and more
The Boeing Company detailed its 2008 Current Market Outlook for the China region, forecasting a market for 3,710 new airplanes worth about $390 billion over the next 20 years.
Randy Tinseth, Boeing Commercial Airplanes vice president— Marketing, said, ‘China will continue to be the fastest-growing aviation center in the world, requiring 41% of the entire Asia-Pacific region airplane demand. This makes China the largest market outside of the U.S. for new commercial airplanes.’
China air travel and air cargo market growth will cause China’s fleet to more than triple to 4,560 airplanes by 2027 — about as many airplanes as are in Europe today.
Single-aisle airplanes will account for 70% of the new purchases, driven by the world’s fast-growing domestic market. Single-aisle airplanes such as the Boeing Next-Generation 737 will be the largest category, with 2,600 new airplane deliveries. Demand for intermediate twin-aisles, such as the Boeing 787 Dreamliner and 777, will result in approximately 780 airplane deliveries. When combined, the single-aisle and intermediate twin-aisle market will make up 91% of China’s total delivery dollars.
Demand will include a limited number of large airplanes (747-size and larger) to connect China with other major world destinations. The market forecast calls for about 100 airplanes in that category.
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Source: RR Star.com
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