Boeing: Chinese airlines to spend USD1 trillion on new jets
Sunday, 14 Sep, 2016
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Plane maker Boeing predicts Chinese airlines will spend more than $1 trillion on new airliners over the next two decades.
It has revised up its previous 2015 estimate from 6,330 aircraft to a total of 6,810.
That works out at about $1.025 trillion in orders.
"The continuing expansion of China’s middle class, coupled with new visa policies and a wide range of widebody airplanes… gives us every reason to expect a very bright future for China’s long-haul market," said Randy Tinseth, Boeing vice president of marketing in a statement.
Tinseth said Boeing expects air traffic growth to rise about 6.4% in China annually over the next 20 years.
China’s tourism authorities last week predicted a record 133 million Chinese citizens will take overseas trips by the end of 2016.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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