AIRCRAFT manufacturer Boeing predicts China will require 3,400 new airplanes worth about US$340 billion over the next 20 years.
It said that over the forecast period, China will have the fastest-growing market, making it the largest outside the US for new planes.
China will continue leading domestic air travel markets with a long-term passenger kilometre growth rate of 8.8 per cent. Following the expected surge in passenger traffic for the 2008 Beijing Olympic Games, the China domestic market will grow nearly five-fold by 2026 to become slightly larger than today's intra-North American market.
With the continued high growth rate, China's fleet will nearly quadruple to 4,460 aircraft by the end of 2026.
Asian Shipper News
Login
.jpg)
