Boeing: China to lead in new aircraft deliveries
Boeing projects a demand in China for 6,020 new aircraft over the next 20 years, valued at US$870 billion.
October 1, 2014
Boeing projects a demand in China for 6,020 new aircraft over the next 20 years, valued at US$870 billion. The company released its annual China Current Market Outlook (CMO) in Beijing which shows Chinese carriers will take delivery of nearly 45 per cent of the total demand for aircraft in the Asia-Pacific region during the forecast period.
“China’s aviation market is going through dynamic changes,” said Randy Tinseth, Boeing Commercial Airplanes vice president of marketing. “New business models like low-cost carriers and aircraft leasing companies, a new generation of fuel-efficient aircraft and evolving consumer needs are driving demand for more direct flights to more destinations.”
“To compete in the tough long-haul international market, our Chinese customers are focused on evolving new business models, adding new destinations, increasing their capacity and resources,” said Tinseth. “These trends will shape market demand for an aircraft lineup that has high efficiency, low operating costs, environmentally progressive technologies and a great passenger experience. We believe Boeing’s comprehensive widebody portfolio is perfectly aligned to meet those needs.”
The new market outlook also shows how the emergence of start-up airlines and low-cost carriers stimulates traffic and allow more people to fly, Boeing noted. Tourism in China and intra-Asia travel support a strong demand for single-aisle airplanes, with total deliveries reaching 4,340 through 2033.