Boeing sees growth in long haul air
Boeing Co said on Tuesday that China is now the most dynamic market for international flights, and it is very positive about the outlook for the growth of China’s longhaul market, due to strong domestic and overseas travel demand, and a rising middle class.
The plane manufacturer lifted its forecast for China, and said the nation is likely to become the first country with an aviation market exceeding $1 trillion in the next two decades. Chinese airlines are estimated to purchase 6,810 airplanes valued at $1.025 trillion in the next 20 years.
Among the new deliveries, Boeing predicts that China will need 5,110 new single-aisle airplanes through 2035, accounting for 75 percent of the total, and China’s widebody fleet is to triple in size over the next two decades.
“As China transitions to a more consumer-based economy, aviation will play a key role in its economic development,” said Randy Tinseth, vice-president of marketing at Boeing Commercial Airplanes.
“Because travel and transportation are key services, we expect to see passenger traffic grow 6.4 percent annually in China over the next 20 years.”
Meanwhile, low-cost carriers and full-service airlines have been adding airplanes and expanding new point-to-point services between smaller cities to cater for
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A Boeing employee uses a lift to get a view of an 787 engine during a media presentation at Boeing’s site in Everett.