Copyright © 2019 News in Flight | All Rights Reserved
Boeing expects China’s airlines to acquire 8,600 new airplanes valued at $1.4 trillion and commercial aviation services valued at $1.7 trillion over the next 20 years.
Boeing shared its annual China market forecast on 11 November, as part of the 2020 Commercial Market Outlook (CMO), which shows anticipated demand for commercial airplanes and services.
Boeing forecast, suggesting the country will lead passenger travel globally in the next few years. Since 2000, China’s commercial jet fleet has expanded sevenfold, and approximately 25% of all aviation growth worldwide in the last decade has come from China. Boeing forecasts this trend will continue over the next 20 years.
The Commercial Market Outlook 2020–2039 for China includes:
– Boeing forecasts China’s annual passenger traffic growth to be 5.5% over the next 20 years
– Boeing estimates operators will need more than 6,450 new single-aisle airplanes in China over the next 20 years.
– Boeing forecasts demand for 1,590 deliveries by 2039 in China.
– Long-term aviation industry growth in China is expected to drive the need for 395,000 commercial pilots, cabin crew members and aviation technicians to fly and to maintain the country’s airplane fleet.