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September 8, 2011

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15% more aircraft

BOEING Co has raised its 20-year forecast for commercial-aircraft demand in China by 15 percent as rising wages spur travel in the world's fastest-growing aviation market.

The country will need 5,000 new planes worth US$600 billion through 2030, according to an annual forecast the firm released yesterday in Beijing. Last year, it said China would need 4,330 new planes worth US$480 billion over 20 years. Small and medium twin-aisle planes will make up more than 40 percent of the total, it said. China's commercial fleet will more than triple to 5,930 planes in the period, Boeing said.



 

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