Aviation News

September 8, 2011

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

More articles by »
Written by: BNO News
Tags: , , , ,

China is expected to become the world’s number two plane market as it will require some 5,000 new commercial airplanes valued at $600 billion over the 20 years, Boeing projected on Wednesday.

Plane flying over China

The figure projected by Boeing is up nearly 700 from November 2010, when the aircraft manufacturer 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.

“Sustained strong economic growth, growing trade activities, increasing personal wealth and income, as well as continued market liberalization will be the driving forces in shaping China’s air travel market,” said Randy Tinseth, Boeing Commercial Airplanes vice president of Marketing.

Boeing expects that small and intermediate twin-aisles, such as the Boeing 787 Dreamliner and 777, will be a significant part of these 5,000 deliveries. They are expected to constitute over 40 percent of the market in value, with some 1,040 deliveries anticipated.

Boeing said that major Chinese airlines are expected to gradually shift their focus from domestic to international markets to become competitive global players, Tinseth pointed out.

In addition, with China’s cargo markets leading the global industry, Chinese air carriers are forecast to add about 400 freighter airplanes by 2030. Tinseth said the majority of the demand will be for large, long-range freighters such as the 747-8F and 777F, given that most traffic growth is projected to occur on long-haul traffic lanes tied to China.

However, the projected numbers could change for Boeing aircraft as China is working on its own competitor for the single-aisle plane market, the Comac C919 from Commercial Aircraft Corp. of China (Comac), designed to compete directly against the Boeing 737 and the Airbus A320.

Comac previously said, during the Airshow China 2010, that it has already finalized orders for 100 150-seat C919 jets. The agreements were reached with Air China, China Southern Airlines, China Eastern Airlines, Hainan Airlines, CDB Leasing and GE Capital Aviation Services.

In response, Boeing has said the company may decide to redesign the 737 aircraft to compete with the C919, but a formal decision on whether to build a new 737 or update the plane with new engines is not near to be taken.

About the Author

BNO News



Norwegian Air International Launches Flights to Stewart International Airport

Norwegian Air International made history at Stewart International Airport in Newburgh, NY on Thursday with the launch of transatlantic flights.
by Ben Granucci


Stratolaunch: The Next Evolution of Consumer Space Travel

Introducing the new largest aircraft in the world! The massive Stratolaunch aircraft rolled out of the hangar for the first time last week.
by Stephanie Gehman



ATC Reform: The President’s Push for the Privatization of Air Traffic Control

On Monday, President Trump threw his support behind a renewed plan to privatize air traffic control services in the United States.
by Stephanie Gehman


Gulf Diplomatic Crisis Hits Qatar Aviation

As part of a simmering political conflict, Saudi Arabia, Bahrain, the UAE, and Egypt have severed ties with Qatar, disrupting the region's aviation industry.
by Andrew Poure


What’s Happening at LaGuardia?

Three major projects are about to change the face of LaGuardia: The Central Terminal Building replacement, the Delta Terminal C&D rebuild, and AirTrain LGA.
by Matthew Davidson