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Boeing Expects the Number of Commercial Aircraft in China to More Than Double in the Next 20 Years
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2024-10-14
Boeing said the number of commercial aircraft in China will become more than double in the next 20 years and is expected to become the world's largest air travel market. China will need 8,830 new aircraft over the next 20 years for replacement and growth, including 6,720 narrow-body aircraft (such as 737 Max). This figure is an increase from Boeing's previous 20-year outlook forecast, which had predicted that China's commercial aircraft demand would be 8,560 aircraft by the end of 2042.
Boeing is betting that China's airline fleet will become more than double due to strong demand for passengers and air cargo. The company forecasts China's passenger traffic will grow 5.9% annually, exceeding the global average of 4.7%. Approximately 60% of new aircraft deliveries will be used to expand the fleet and the remainder will be used to replace older aircraft. As a result, China's commercial aircraft fleet will become more than double over the next 20 years to 9,740 aircraft, Boeing said. China will also have the world's largest wide-body fleet.
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2024-10-14
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