BEIJING, Sept. 20,
2023 /PRNewswire/ -- Boeing [NYSE: BA] is forecasting
that China will need 8,560 new
commercial airplanes through 2042, driven by economic growth well
above the global average and increasing demand for domestic air
travel. China's commercial
airliner fleet will more than double to nearly 9,600 jets over the
next 20 years, according to Boeing's Commercial Market Outlook
(CMO), the company's long-term forecast of demand for commercial
airplanes and related services.
With its ongoing recovery of air travel, China will account for one-fifth of the
world's airplane deliveries in the next two decades, according to
the CMO. China's domestic aviation
market also will be the largest in the world by the end of the
forecast period, helping power demand for 6,470 single-aisle
airplanes such as the Boeing 737 MAX family.
"Domestic air traffic in China
has already surpassed pre-pandemic levels and international traffic
is recovering steadily," said Darren
Hulst, Boeing vice president, Commercial Marketing. "As
China's economy and traffic continue to grow, Boeing's complete
line-up of commercial jets will play a key role in helping meet
that growth sustainably and economically."
The 2023 China CMO includes these projections through 2042:
- Along with demand for single-aisle jets, Chinese carriers will
require 1,550 widebody airplanes mainly to support a growing
network of international routes.
- Fleet growth will drive two thirds of forecast deliveries in
China, while the remainder will
replace older jets with modern airplanes that increase efficiency
and reduce CO2 emissions.
- Continued growth in e-commerce and express shipping will drive
demand for 190 new freighter deliveries.
- China will require 433,000 new
aviation personnel – including 134,000 pilots, 138,000 technicians
and 161,000 cabin crew members – to serve its growing market.
- China's commercial fleet will
generate demand for $675 billion in
aviation services including maintenance, repair, training and spare
parts.
Commercial airplane
deliveries to China (2023-2042)
|
Regional Jet
|
350
|
Single Aisle
|
6,470
|
Widebody
|
1,550
|
Freighter
|
190
|
Total
|
8,560
|
2023 marks the 50th
year of Boeing airplanes' service in China. In 1972, China ordered 10 707 jets to modernize its
commercial fleet and the following year, the country's first 707
was delivered to the Civil Aviation Administration of China (CAAC). Today, Boeing airplanes are the
mainstay of China's air travel and
cargo system.
The complete Boeing CMO forecast is available at
http://www.boeing.com/commercial/market/commercial-market-outlook/
As a leading global aerospace company, Boeing offers products
and services to customers in more than 150 countries. As a top U.S.
exporter, the company leverages the talents of a global supplier
base to advance economic opportunity, sustainability and community
impact. Boeing's diverse team is committed to innovating for the
future and cultivating a culture based on the company's core values
of safety, quality and integrity.
Contact
Mike Ma
Boeing China Communications
+86-13811089058
Mike.ma2@boeing.com
Boeing Media Relations
media@boeing.com
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SOURCE Boeing