Boeing issues production forecast for the Chinese market

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By admin September 4, 2014 15:39

Boeing issues production forecast for the Chinese market

Boeing has forecast a demand within China for up to 6,020 new aircraft over the next 20 years, a number worth up to $870 billion.

The company released its annual China Current Market Outlook (CMO) in Beijing which shows Chinese carriers will take delivery of nearly 45% f the total demand for airplanes in the Asia Pacific region during the forecast period.

“China’s aviation market is going through dynamic changes,” said Randy Tinseth, Boeing Commercial Airplanes vice president of Marketing. “New business models like low-cost carriers and airplane leasing companies, a new generation of fuel-efficient airplanes and evolving consumer needs are driving demand for more direct flights to more destinations.”

The new CMO also shows how the emergence of start-up airlines and low-cost carriers stimulates traffic and allows Chinese airlines with large global networks continue to look for opportunities to expand as international flying increases from secondary cities.

This growth in the long-haul segment is expected to result in demand for an additional 1,480 new fuel-efficient widebodies, such as the 777, 787 Dreamliner and 747-8 Intercontinental. This year’s forecast reflects a continued shift in demand from very large aircraft to efficient new small and medium widebody aircraft.

“To compete in the tough long-haul international market, our Chinese customers are focused on evolving new business models, adding new destinations, increasing their capacity and resources,” said Tinseth. “These trends will shape market demand for an airplane lineup that has high efficiency, low operating costs, environmentally progressive technologies and a great passenger experience. We believe Boeing’s comprehensive widebody portfolio is perfectly aligned to meet those needs.”

admin
By admin September 4, 2014 15:39