Boeing foresees China as second largest market for new airplanes |
| BusinessDay - Sep 5, 2012 |
Boeing on Wednesday forecast that China will need 5,260 new airliners valued at $670 billion over the next 20 years and expects the country to become the second largest market for new commercial airplanes.
The U.S. plane maker said small and intermediate twin-aisles, such as the Boeing 787 Dreamliner and 777, will account for a significant part of future deliveries in China.
It said in a press statement that tourism in China will also fuel strong demand for single-aisle aircraft, with total deliveries reaching 3,650 through 2031.
"We expect Chinese carriers to experience rapid international expansion over the next 20 years, with an annual increase rate of 8.9 percent on average," said Randy Tinseth, Boeing Commercial Airplanes vice president of Marketing.
Boeing and its European rival, Airbus are locked in a global contest for market share and in some cases have halved prices to bolster orders of revamped models of their best-selling narrow body jets.
Read Full Article from BusinessDay
- Posted: 2012-09-05 11:09:47
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
