Boeing forecasts 400 freighters for China

China’s airfreight market is set firmly on a growth trajectory over the coming decades, according to its recent cargo forecast.


777Fs B747-8Fs Boeing forecasts China’s airfreight market


Boeing forecasts 400 freighters for China

China’s airfreight market is set firmly on a growth trajectory over the coming decades, according to its recent cargo forecast. Already the top global cargo growth market, China’s maindeck capacity demand will require nearly 400 new freighters by 2030, according to Boeing’s forecast. Jumbo-sized freighters, such as the B747-8Fs and 777Fs, will be the most in demand aircraft, utilised on both long-haul domestic and international routes, according to Boeing Commercial Airplanes VP of marketing, Randy Tinseth. In addition to requiring 400 freighters, China’s rapid passenger growth will see demand for 5,000 new passenger aircraft by 2030. In all, the total aircraft forecast are valued at nearly US$600 billion, at current prices. “Sustained strong economic growth, growing trade activities, increasing personal wealth and income, as well as continued market liberalisation will be the driving forces in shaping China’s air travel market,” Tinseth said. “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 per cent on average,” he added. In terms of passenger aircraft demand, Boeing officials anticipate small- and medium-sized, twin-aisle planes, such as its 777 series, accounting for more than 40 per cent of future deliveries to China. Narrow-body aircraft will play a key role in China’s aviation sector, with Boeing projecting deliveries of these planes to reach 3,550 by 2030