HEADLINES:
First Scorpene submarine delivered to Navy। Named Kalvari, after India’s first Foxtrot class submarine, it will formally be commissioned very soon। India’s legend, Marshal of the Air Force Arjan Singh passes away। Terror attack in London Tube, many injured । Police, Emergency Services Respond Well । London on high alert । North Korea fires a ballistic missile over Japan again, and threatens to sink the island state । UN censures North Korea, and so does most of the world, including India । Prime Miinister Abe’s visit to Ahmedabad brings Japan and India closer। New Delhi and Tokyo condemn terrorism, and Pakistan’s role in promoting it । India and Japan agree on multi spectrum cooperation, including in defence । Global majors present new warfighting and anti terrorism technologies at DSEI in London । India will set up 28 nuclear reactors at five sites to generate 32,000 mw । India, China agree to disengage troops at Dokalam ।
September 23, 2017
Follow us on

Boeing Raises Forecast for New Airplane Demand in China

20 year outlook projects 7,200+ new airplanes, valued at $1.1 trillion
September 2017
 

BEIJING. Boeing, China’s leading provider of commercial airplanes, projects a demand for 7,240 new airplanes in the country over the next 20 years valued at nearly $1.1 trillion dollars.

Boeing’s annual China Current Market Outlook (CMO) on September 6 in Beijing, with total airplane demand rising 6.3 percent over last year’s forecast.

“China’s continuous economic growth, significant investment in infrastructure, growing middle-class and evolving airline business models support this long-term outlook,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “China’s fleet size is expected to grow at a pace well above the world average, and almost 20 percent of global new airplane demand will be from airlines based in China.”

Single-aisle airplanes continue to be the foundation of domestic and regional fleets in China. Boeing sees the need for 5,420 new single-aisle airplanes through 2036, accounting for 75 percent of the total new deliveries. Full-service airlines and low-cost carriers have been adding new single-aisle airplanes and expanding new point-to-point services to cater for both leisure and business travel demand in China and throughout Asia.

Tinseth said the backlog from Chinese customers demonstrates that the new 737 MAX 8 remains at the heart of the single-aisle market.

Boeing forecasts the widebody fleet over the next 20 years will require 1,670 new airplanes. Airlines continue to shift to small and medium widebody airplanes for long-haul expansion and flexibility. Primary demand for very large widebodies going forward will be in the freighter market.

“China’s outbound travel market continues its rapid growth toward 200 million passengers annually,” said Tinseth. “With new technologies, superior capabilities and advanced efficiency, the 787 and 777X families will play a key role in supporting the growth of China’s long-haul market.”

Box

Worldwide, Boeing projects the need for 41,030 new commercial airplanes over the next 20 years valued at $6.1 trillion dollars. The complete forecast is available at www.boeing.com/cmo.

Today, Boeing jets are the mainstay of China’s air travel and cargo system. More than 50 percent of all the commercial jetliners operating in China are Boeing airplanes.

Meanwhile, China has a component role on every current Boeing commercial airplane model – the Next-Generation 737, 747, 767, 777, as well as the world’s most technologically advanced airplane, the 787 Dreamliner. Over 9,000 Boeing airplanes fly throughout the world with integrated China-built parts and assemblies.

Email*

SPOTLIGHT

dgmo

Indian Army Strikes Terrorist Camps in POK

New Delhi. India struck seven terrorists camps in Pakistan Occupied Kashmir on September 28, ten...

spotlight4

India Successfully Launches 20 Satellites in Single Flight

Sriharikota/New Delhi. In its 36th flight ISRO’s Polar Satellite Launch Vehicle PSLV-C34 successfully launched the...

UPCOMING EVENTS

police-logo
logo_dsei2017--large
Logo

Our Archive