Boeing sees boom in aviation market

(Shanghai Daily) China will need 6,000 new passenger aircraft over the next 20 years to become the world's largest commercial aircraft market, Boeing, the world's major jet maker, predicted yesterday.

The growing demand for new aircraft is being led by the fast growing low-cost budget carrier in China, especially for single aisle airliner, said Jim Haas, director of Product Marketing at Boeing.

Among the 6,000 new aircraft, likely worth more than US$870 billion, 72 percent of them will be single-aisle passenger aircraft and 13 percent small wide-body aircraft.

Medium-sized wide-body aircraft and jumbo jet will account for 12 percent of the total demand.

Regional jet will take the rest 3 percent, Boeing said.

Boeing has predicted that 35 percent of the world's single-aisle aircraft will be owned by budget carriers by 2033. The percentage point is only 8 in China now, meaning orders for new aircraft are expected to surge, Haas said. "That is why the company believes that the single-aisle aircraft like 737 MAX 200 will be so successful in China," he said at a press conference in Shanghai yesterday.

Between 2013 and 2014, three Chinese low-cost carriers announced plans to purchase B737 aircraft.

Source: Shanghai Daily

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