Boeing Predicts Steady Growth for China's Aviation Market

Home>>Business

Last updated at: (Beijing Time) Tuesday, November 05, 2002

Boeing Predicts Steady Growth for China's Aviation Market

DISCUSSION

CHINESE

SEND TO FRIEND

Aviation giant Boeing released its 2002 China Current Market Outlook Monday in Zhuhai, forecasting that China would become the second civil aviation market in the world in 20 years, next to the United States.

China's air transport market is growing by 7.6 percent annually and its domestic air transport market will grow at an average annual rate of 9 percent, according to the report.

About 1,550 new airplanes are likely to be added to China's carriers to serve domestic markets, including Hong Kong and Macao, accounting for 81 percent of China's new aircraft.

Single-aisle jetliners, like Boeing 717, 737 and 757 models, together with regional jets, will account for 77 percent of the aircraft delivered for the domestic market.

According to the report, the China to northeast Asia market, expected to grow at 7.1 percent, will be the fastest growth of the China-related international markets. The China to North America market is predicted to grow by 6.1 percent, while China to Europe will grow by 5.4 percent.

Beijing, Shanghai, Guangzhou, Hong Kong and other large provincial cities are expected to have more non-stop flights to major European and American cities.

Randy Baseler, vice-president of marketing with Boeing Commercial Airplanes, said China's rapid economic growth is the key factor behind the fast development of its domestic air transport market.

He predicted that in the Asia-Pacific market, Chinese domestic carriers would outpace foreign carriers in the increase of flights in the next 20 years.

Questions?Comments? Click here

Airlines to Inspect Boeings in China

Eastern Airlines Gets First Directly Bought Boeing 737

Boeing Speeds up Plane Delivery to China

Lured by Black Gold-Oil-- under Anti-Terrorism Banner ( 2 Messages)

Top Pick Yao Ming Goes Through "a War" in His NBA Debut ( 10 Messages)

China's Largest Compact Disc Plant Operational in Hangzhou ( 4 Messages)

Facing AIDS, Silence is Death ( 15 Messages)

China to Launch Fourth Unmanned Spacecraft ( 2 Messages)