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Boeing forecasts China will order 6,810 new planes over 20 years
BOEING has raised its forecast for aircraft demand in China over the next 20 years to 6,810 aircraft valued at US$1.025 trillion, up from last year's forecast of 6,330 new planes worth $950 billion, on the back of burgeoning travel demand among China's growing middle class.
The aircraft manufacturer anticipates China will require 5,110 new single-aisle jets with a market value of $535 billion until 2035, accounting for 75 per cent of total new deliveries.
The widebody fleet will triple in size, requiring 1,560 new planes. China's narrowbody and widebody fleet represent 18 per cent and five per cent, respectively, of the global figures.
About 71 per cent of the new aircraft demand in China will be for growth, Boeing said. Including a retained fleet of 910 planes, China will have 7,720 aircraft by 2035, reported Bloomberg.
The more-optimistic outlook from Boeing, which last year announced a plan to build an aircraft-completion centre in China, comes after it delivered a record number of planes to China in 2015.
The depreciation of the yuan has improved profitability of Chinese airlines and hasn't weakened orders, said Boeing vice president Randy Tinseth.
Boeing predicts 39,620 new aircraft valued at $5.9 trillion will be delivered globally over the next two decades.
The aircraft manufacturer anticipates China will require 5,110 new single-aisle jets with a market value of $535 billion until 2035, accounting for 75 per cent of total new deliveries.
The widebody fleet will triple in size, requiring 1,560 new planes. China's narrowbody and widebody fleet represent 18 per cent and five per cent, respectively, of the global figures.
About 71 per cent of the new aircraft demand in China will be for growth, Boeing said. Including a retained fleet of 910 planes, China will have 7,720 aircraft by 2035, reported Bloomberg.
The more-optimistic outlook from Boeing, which last year announced a plan to build an aircraft-completion centre in China, comes after it delivered a record number of planes to China in 2015.
The depreciation of the yuan has improved profitability of Chinese airlines and hasn't weakened orders, said Boeing vice president Randy Tinseth.
Boeing predicts 39,620 new aircraft valued at $5.9 trillion will be delivered globally over the next two decades.
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