Boeing: Fast-growing China domestic air travel driving 20-year demand for 8,560 airplanes


Boeing: Quick-growing China home air journey driving 20-year demand for 8,560 airplanes

– China’s business fleet would require $675 billion in aviation providers together with upkeep, restore, coaching and spare elements over the forecast interval

BEIJING, Sept. 20, 2023 /PRNewswire/ — Boeing [NYSE: BA] is forecasting that China will want 8,560 new business airplanes by way of 2042, pushed by financial development effectively above the worldwide common and rising demand for home air journey. China’s business airliner fleet will greater than double to just about 9,600 jets over the subsequent 20 years, in line with Boeing’s Industrial Market Outlook (CMO), the corporate’s long-term forecast of demand for business airplanes and associated providers.

With its ongoing restoration of air journey, China will account for one-fifth of the world’s airplane deliveries within the subsequent twenty years, in line with the CMO. China’s home aviation market additionally would be the largest on this planet by the top of the forecast interval, serving to energy demand for six,470 single-aisle airplanes such because the Boeing 737 MAX household.

“Home air site visitors in China has already surpassed pre-pandemic ranges and worldwide site visitors is recovering steadily,” mentioned Darren Hulst, Boeing vp, Industrial Advertising. “As China’s financial system and site visitors proceed to develop, Boeing’s full line-up of economic jets will play a key position in serving to meet that development sustainably and economically.”

The 2023 China CMO contains these projections by way of 2042:

  • Together with demand for single-aisle jets, Chinese language carriers would require 1,550 widebody airplanes primarily to assist a rising community of worldwide routes.
  • Fleet development will drive two thirds of forecast deliveries in China, whereas the rest will exchange older jets with trendy airplanes that improve effectivity and cut back CO2 emissions.
  • Continued development in e-commerce and categorical transport will drive demand for 190 new freighter deliveries.
  • China would require 433,000 new aviation personnel – together with 134,000 pilots, 138,000 technicians and 161,000 cabin crew members – to serve its rising market.
  • China’s business fleet will generate demand for $675 billion in aviation providers together with upkeep, restore, coaching and spare elements.









Industrial airplane deliveries to China (2023-2042)

Regional Jet

350

Single Aisle

6,470

Widebody

1,550

Freighter

190

Whole

8,560

2023 marks the 50th 12 months of Boeing airplanes’ service in China. In 1972, China ordered 10 707 jets to modernize its business fleet and the next 12 months, the nation’s first 707 was delivered to the Civil Aviation Administration of China (CAAC). As we speak, Boeing airplanes are the mainstay of China’s air journey and cargo system.

The whole Boeing CMO forecast is accessible at http://www.boeing.com/commercial/market/commercial-market-outlook/

As a number one international aerospace firm, Boeing affords services to clients in additional than 150 nations. As a high U.S. exporter, the corporate leverages the skills of a worldwide provider base to advance financial alternative, sustainability and neighborhood influence. Boeing’s various staff is dedicated to innovating for the longer term and cultivating a tradition primarily based on the corporate’s core values of security, high quality and integrity.

Contact

Mike Ma

Boeing China Communications

+86-13811089058

Mike.ma2@boeing.com

Boeing Media Relations

media@boeing.com

SOURCE Boeing



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