Boeing: China to buy nearly 2000 aircraft in the next two decades

Read the forum code of contact

Profile picture for user serendib

Member for

21 years

Posts: 329

http://story.news.yahoo.com/news?tmpl=story2&cid=509&u=/ap/20021105/ap_…

Boeing: China to Be Big Plane Buyer

Tue Nov 5, 9:40 AM ET

BEIJING (AP) - Boeing Co. says it expects China to buy 1,912 new aircraft during the next 20 years as the country grows to become the world's second-largest aviation market after the United States.

The aircraft purchases in the 2001-2021 period will be worth a total of $165 billion, the Chicago-based plane maker and defense contractor said in a forecast issued at the China International Aviation & Aerospace Exhibition in Zhuhai, a southern Chinese city.

"China is one of the key commercial aviation markets for the Boeing Company," Boeing China president Fred Howard said in the company's statement.

Boeing now has 392 jets in service in China, which it says gives it a 65 percent share of the country's 605-plane passenger airliner fleet.

Boeing expects most of China's aircraft purchases will go to expanding the country's fleet rather than replacing old aircraft. It says the number of jet airplanes in service will rise from 636 today to 2,320 in 2001.

Those new aircraft will be needed to cope with rapid growth in passenger and cargo traffic. China's domestic air traffic market will grow at an average rate of 7.6 percent a year, Boeing predicts.

Most of the new aircraft — 1,550 — will go to serve domestic markets including Hong Kong and Macau, Boeing said.

Sam.

Original post