BOEING EYES APAC

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By TESTCustomwebLP TESTCustomwebLP November 3, 2010 14:32

BOEING EYES APAC

Boeing stated yesterday that China will need 4,330 new aircraft over the next twenty years, tripling the fleet as increases in personal wealth and urbanization drive up demand for air travel.

Boeing has said it expects the Asia-Pacific region to need about 10,320 new aircraft in the period, as APAC surpasses North America as the world’s largest aircraft market. North America will add about 7,200 new airplanes worth $700 billion by 2029, Boeing forecasts. Boeing expects to maintain its 52% share of China’s market, something that might not come to pass.

Revenue from Boeing aircraft sales in China more than doubled to $4.89 billion in 2009, making it the fastest-growing region after the Middle East, where sales surged more than 100% to $5.34 billion. China accounted for about 7% of 2009 revenue, while the U.S. made up about 58%.

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By TESTCustomwebLP TESTCustomwebLP November 3, 2010 14:32
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