Boeing forecasts China’s airlines will require 8,700 new airplanes by 2040
Travel Biz News —
Boeing forecasts that China’s airlines will require 8,700 new airplanes by 2040, valued at $1.47 trillion, to meet expanding commercial air travel demand.
The 20-year forecast reflects the China market’s rebound and further evolution of its airline business models. Boeing shared the China forecast as part of the 2021 Commercial Market Outlook (CMO), the company’s long-term forecast of demand for commercial airplanes and services.
China’s economic fundamentals lay the foundation for healthy air traffic increases, including 4.4 per cent annual economic growth and a middle-income demographic that will double by 2040, according to the CMO.
By 2030, China’s domestic passenger market will exceed intra-European traffic; by 2040, China’s domestic traffic is expected to also exceed air travel within North America, according to a statement issued by Boeing.
Similarly, China’s civil aviation industry will require more than 400,000 new aviation personnel by 2040, including pilots, technicians and cabin crew.
Boeing’s commitment to China involves investing in people who will power the future of aviation, such as training nearly 100,000 Chinese aviation professionals and employing more than 2,500 Boeing employees.
Across its businesses, training, supply chain and other activities, Boeing’s presence and partnerships in China contribute more than $1.5 billion annually to the economy.
Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Boeing has built a half-century partnership with China based on mutual trust and respect.
Today, Boeing leads the industry in providing the most advanced passenger airplanes, freighters and services to Chinese customers. China also has a component role on every current Boeing commercial airplane model.
More than 10,000 Boeing airplanes fly throughout the world with integrated China-built parts and assemblies.
For more info – boeing.com
23 Sept. 2021
Image : Boeing Next Generation 737 ( Photo : Boeing )
