CompositesWorld

OCT 2017

CompositesWorld

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NEWS 23 CompositesWorld.com Boeing: China's Aircraft Market Engineering Services Complex Shapes 5 Axis NC Milling Large Facilities High-Precision Equipment SHIP BUILDING WIND ENERGY www.janicki.com 360.856.5143 TRANSPORTATION AEROSPACE The Boeing Co. (Chicago, IL, US) has issued a report projecting a demand in China for 7,240 new commercial airplanes in the country over the next 20 years, valued at nearly US$1.1 trillion dollars. Boeing's annual China Current Market Outlook (CMO) shows total Chinese demand in this market rising 6.3% over last year's forecast. Single-aisle aircraft continue to be the foundation of domestic and regional fleets in China. Boeing sees the need for 5,420 new single-aisle planes through 2036, accounting for 75% of total new deliveries. Full-service airlines and low-cost carriers have been adding new single-aisle airplanes and expanding new point-to-point services, catering to leisure and business travel demand in China and throughout Asia. "China's continuous economic growth, significant investment in infrastructure, growing middle class and evolving airline business models support this long-term outlook," says Randy Tinseth, VP of marketing, Boeing Commercial Airplanes. "China's fleet size is expected to grow at a pace well above the world average, and almost 20% of global new airplane demand will be from airlines based in China." Tinseth adds that the backlog from Chinese customers demonstrates that the new 737 MAX 8 remains at the heart of the single-aisle market. Boeing forecasts the widebody fleet in China through 2036 will require 1,670 new airplanes. The company points out that airlines continue to shift to small and medium widebody aircraft for long-haul expansion and flexibility. Primary demand for very large wide- bodies, going forward, will be in the freighter market. Says Tinseth, "China's outbound travel market continues its rapid growth toward 200 million passengers annually." Worldwide, Boeing projects the need for 41,030 new commercial planes by 2036, valued at US$6.1 trillion. The complete China Current Market Outlook is available at www.boeing.com/cmo . Boeing: China market will demand 7,240 commercial planes by 2036 AEROSPACE

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