ID :
27268
Wed, 10/29/2008 - 15:52
Auther :
Shortlink :
http://m.oananews.org//node/27268
The shortlink copeid
CHINA NEEDS NEW AIRPLANES COSTING US$390 BIL OVER NEXT 20 YEARS, SAYS BOEING
KUALA LUMPUR, Oct 29 (Bernama) -- The Boeing Company detailed its 2008 Current Market Outlook for China today, forecasting a market for 3,710 new airplanes worth about US$390 billion over the next 20 years.
"China will continue to be the fastest-growing aviation centre in the
world, requiring 41 percent of the entire Asia-Pacific region airplane
demand.
"This makes China the largest market outside of the U.S. for new commercial
airplanes," said Randy Tinseth, Boeing Commercial Airplanes vice-president (
marketing).
China air travel and air cargo market growth will cause China's fleet to
more than triple to 4,560 airplanes by 2027 about as many airplanes as are in
Europe today, said Boeing in a statement.
Single-aisle airplanes will account for 70 percent of the new purchases,
driven by the world's fast-growing domestic market, it said.
Single-aisle airplanes such as the Boeing Next-Generation 737 will be the
largest category, with 2,600 new airplane deliveries, it said.
It said demand for intermediate twin-aisles such as the Boeing 787
Dreamliner and 777 will result in approximately 780 airplane deliveries.
When combined, the single-aisle and intermediate twin-aisle market will
make up 91 percent of China's total delivery dollars, it said.
Demand will include a limited number of large airplanes (747-size and
larger) to connect China with other major world destinations. The market
forecast calls for about 100 airplanes in that category, it said.
With China's cargo markets leading the global industry, Chinese air
carriers will add about 370 freighter airplanes by 2027, quadrupling its total
freighter
fleet size, it said.
The Boeing 2008 forecast combines today's market environment with a
long-term view that portrays how air transport will be transformed over the next
20 years.
It is an outlook that indicates continued strong fundamentals underlying
the need for new airplanes including economic growth, world trade, aviation
market
liberalisation and new aircraft capabilities.
The detailed study enables Boeing to better work with airlines in
supporting their fleet plans in conjunction with their future economic growth.
The outlook facilitates Boeing's strategic plans to drive the development
of new airplanes and the improvement of existing models.
Worldwide, Boeing projects investments of US$3.2 trillion for 29,400 new
commercial airplanes to be delivered in the next 20 years.
"China will continue to be the fastest-growing aviation centre in the
world, requiring 41 percent of the entire Asia-Pacific region airplane
demand.
"This makes China the largest market outside of the U.S. for new commercial
airplanes," said Randy Tinseth, Boeing Commercial Airplanes vice-president (
marketing).
China air travel and air cargo market growth will cause China's fleet to
more than triple to 4,560 airplanes by 2027 about as many airplanes as are in
Europe today, said Boeing in a statement.
Single-aisle airplanes will account for 70 percent of the new purchases,
driven by the world's fast-growing domestic market, it said.
Single-aisle airplanes such as the Boeing Next-Generation 737 will be the
largest category, with 2,600 new airplane deliveries, it said.
It said demand for intermediate twin-aisles such as the Boeing 787
Dreamliner and 777 will result in approximately 780 airplane deliveries.
When combined, the single-aisle and intermediate twin-aisle market will
make up 91 percent of China's total delivery dollars, it said.
Demand will include a limited number of large airplanes (747-size and
larger) to connect China with other major world destinations. The market
forecast calls for about 100 airplanes in that category, it said.
With China's cargo markets leading the global industry, Chinese air
carriers will add about 370 freighter airplanes by 2027, quadrupling its total
freighter
fleet size, it said.
The Boeing 2008 forecast combines today's market environment with a
long-term view that portrays how air transport will be transformed over the next
20 years.
It is an outlook that indicates continued strong fundamentals underlying
the need for new airplanes including economic growth, world trade, aviation
market
liberalisation and new aircraft capabilities.
The detailed study enables Boeing to better work with airlines in
supporting their fleet plans in conjunction with their future economic growth.
The outlook facilitates Boeing's strategic plans to drive the development
of new airplanes and the improvement of existing models.
Worldwide, Boeing projects investments of US$3.2 trillion for 29,400 new
commercial airplanes to be delivered in the next 20 years.
