Boeing Projects Demand in China for 6,330 Airplanes Over Next 20 Years Valued at ~$1T

Boeing

, China's leading provider of commercial airplanes, today projected a demand in the country for 6,330 new airplanes over the next 20 years. Boeing released its annual China Current Market Outlook (CMO) today in Beijing, estimating the total value of those new airplanes at $950 billion. "Despite the current volatility in China's financial market, we see strong growth in the country's aviation sector over the long term," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "Over the next 20 years, China's commercial airplane fleet will nearly triple: from 2,570 airplanes in 2014 to 7,210 airplanes in 2034, with more than 70 percent of these deliveries accommodating growth." "China's aviation market is incredibly dynamic, from its leading airlines to its startups and low-cost carriers," said Ihssane Mounir, vice president of Sales and Marketing for Northeast Asia, Boeing Commercial Airplanes. "Boeing is committed to serve customers in the world's largest airplane market by providing the most fuel-efficient airplanes and services to support their growth and profitability." As China becomes the