Thursday, September 4, 2014
Boeing, China's leading provider of jetliners, projects a demand in the country for 6,020 new airplanes over the next 20 years, valued at $870 billion. The company released its annual China Current Market Outlook today which shows Chinese carriers will take delivery of nearly 45 percent of the total demand for airplanes in the Asia Pacific region during the forecast period. Tourism in China and intra-Asia travel support a strong demand for single-aisle airplanes, with total deliveries reaching 4,340 through 2033, the report said. (Source: Boeing via PRNewswire, 09/04/14) Gulf Coast note: Boeing rival, Airbus, is building an A320 final assembly line in Mobile, Ala.; Boeing has operations in several locations in the Gulf Coast.