There are some startling figures out on the world’s aviation industry from the Commercial Aircraft Corporation of China.
By 2029, it says, China will need a (oddly precise) 4,912 passenger jets, a staggering 3,447 more than it has today. Globally, the airline industry will need more than 30,000 planes, worth $3.4 trillion, slightly less than double today’s total of 17,000.
The figures mean that China’s share of the global passenger jet fleet will rise from 8% to 14%, and we can all worry about the accompanying carbon emissions.
Boeing is also coming out with similarly bullish figures, forecasting that China will need 4,330 new commercial jets over the next 20 years. "We expect domestic passenger traffic for China to grow at a rate of 7.9% a year," said Randy Tinseth, a marketing vicepresident.