{"id":102894,"date":"2020-11-12T16:20:13","date_gmt":"2020-11-12T16:20:13","guid":{"rendered":"https:\/?p=102894"},"modified":"2020-11-12T16:20:16","modified_gmt":"2020-11-12T16:20:16","slug":"boeing-raises-20-year-forecast-for-china-aircraft-demand","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2020\/11\/boeing-raises-20-year-forecast-for-china-aircraft-demand.html","title":{"rendered":"Boeing raises 20-year forecast for China aircraft demand."},"content":{"rendered":"\n

Boeing<\/strong> on Thursday raised its rolling forecast for China’s aircraft demand for the next 20 years, making the country a bright spot in the aviation market even as COVID-19 decimates global deliveries over the next few years, Reuters<\/a> reported.<\/p>\n\n\n\n

See also:<\/strong> Airbus pressure Chinese airlines to take delivery of aircraft.<\/a><\/p>\n\n\n\n

Chinese airlines will need 8,600 new airplanes through 2039, 6.3% higher than Boeing\u2019s previous prediction of 8,090 planes last year. Those would be worth $1.4 trillion based on list prices, the U.S. planemaker said in a statement.<\/p>\n\n\n\n

In October, Boeing cut its 20-year forecast for global airplane demand due to the COVID-19 pandemic.<\/p>\n\n\n\n

See also: <\/strong>No timetable yet for Boeing 737 MAX\u2019s return in China.<\/a><\/p>\n\n\n\n

\u201cWhile COVID-19 has severely impacted every passenger market worldwide, China\u2019s fundamental growth drivers remain resilient and robust,\u201d said Richard Wynne, managing director, China Marketing, Boeing Commercial Airplanes.<\/p>\n\n\n\n

\u201cNot only has China\u2019s recovery from COVID-19 outpaced the rest of the world, but also continued government investments toward improving and expanding its transportation infrastructure, large regional traffic flows, and a flourishing domestic market mean this region of the world will thrive.\u201d<\/p>\n\n\n\n

China\u2019s domestic aviation market has rebounded to pre-COVID levels but as international travel remains effectively shut down, Chinese airlines have been pushing back deliveries.<\/p>\n\n\n\n

Boeing and its European rival, Airbus, have been jostling to increase market share in China, but they also face rising competition from state-owned planemaker Commercial Aircraft Corporation of China (COMAC).<\/p>\n\n\n\n

COMAC has been steadily delivering its regional ARJ21 to customers throughout the pandemic and its narrowbody C919, which is still in flight testing phase, is expected to obtain an airworthiness certificate from China\u2019s aviation regulator next year.<\/p>\n\n\n\n

Boeing projected a need for 6,450 new single-aisle airplanes over the next 20 years, while China\u2019s widebody fleet will require 1,590 new planes, accounting for 18% of the total deliveries, which fell from a year ago due to anticipation of a slower recovery in global long-haul traffic.<\/p>\n\n\n\n

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