China needs 3,400 aircraft ………………
An AP report says that China will need to buy 3,400 aircraft at a cost of $US340 billion ($A408.58 billion) over the next two decades as its air travel market grows to rival that of North America in size, aircraft maker Boeing says.
Boeing’s forecast was an increase over earlier projections by the US company and its European rival, Airbus Industries, which put Chinese demand at 1,900 to 2,600 aircraft over two decades.
“Over the forecast period, China will have the fastest-growing market, making it the largest market outside of the US for new commercial airplanes,” Boeing said in its annual “Current Market Outlook”.
China’s domestic air travel market was expected to grow nearly fivefold by 2026 “to become slightly larger than today’s Intra-North American market,” the report said.
China’s total fleet was expected to nearly quadruple to 4,460 aircraft by 2026, Boeing said.
Report by The Mole from AP
John Alwyn-Jones
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