吉水| 伊川| 阿合奇| 成都| 广水| 天池| 武川| 乌马河| 韶关| 孙吴| 涉县| 吉县| 永平| 朝阳县| 灌云| 炉霍| 绥滨| 翁源| 陈仓| 思南| 新田| 宝坻| 图木舒克| 沂南| 申扎| 浙江| 歙县| 临潭| 韶关| 苍梧| 范县| 礼泉| 南宫| 凌云| 白沙| 获嘉| 眉县| 台安| 济阳| 林芝镇| 丰镇| 大新| 永平| 耒阳| 吴江| 白银| 钓鱼岛| 祥云| 茄子河| 枞阳| 涿州| 紫金| 罗田| 日照| 云梦| 凌源| 类乌齐| 榆树| 江永| 延川| 平凉| 青岛| 紫金| 壶关| 万盛| 安岳| 沧源| 玛沁| 勐海| 呼图壁| 炉霍| 曲水| 伊通| 北票| 聂拉木| 垦利| 沾化| 攀枝花| 武城| 武乡| 文登| 马关| 涿州| 莱西| 吉水| 万安| 长垣| 宜丰| 淮阴| 铅山| 增城| 宝安| 兰坪| 文水| 泸水| 中宁| 麻阳| 廊坊| 儋州| 陇南| 吉首| 潞西| 宝应| 崇明| 肥东| 山丹| 新邱| 新化| 德清| 申扎| 临海| 东乌珠穆沁旗| 宝安| 福州| 湟源| 海林| 宁波| 宽城| 新竹市| 宁河| 永川| 涞源| 吐鲁番| 安岳| 华坪| 安达| 天镇| 江阴| 镇远| 邛崃| 柳江| 北海| 法库| 新邵| 泰宁| 磐安| 定襄| 密山| 西峡| 东丰| 左云| 贵池| 海口| 日照| 金阳| 金川| 南投| 南靖| 栖霞| 东明| 泰州| 奇台| 隆回| 宜阳| 苍南| 新宁| 嵊州| 连平| 铁岭市| 宁化| 五家渠| 翠峦| 绥宁| 苏州| 寿宁| 东辽| 东丽| 黑山| 桦甸| 施甸| 焦作| 嘉鱼| 丘北| 三台| 津市| 岐山| 兴文| 固镇| 兴文| 长阳| 沂南| 托克托| 平阳| 千阳| 莆田| 吐鲁番| 珠海| 南岔| 东海| 汉阴| 郧县| 岗巴| 洛宁| 龙山| 乳山| 喀什| 德化| 新荣| 那曲| 甘洛| 泉港| 从江| 桐城| 新安| 茌平| 明水| 云梦| 乌拉特后旗| 奉节| 雅安| 新蔡| 西青| 肇庆| 洱源| 杨凌| 中方| 大洼| 汶川| 金阳| 阿克塞| 阳东| 汤原| 新邵| 陇西| 道孚| 哈密| 鹤山| 肃宁| 涿鹿| 苍梧| 谢家集| 武城| 张掖| 基隆| 黄平| 广汉| 呼玛| 田东| 尖扎| 招远| 头屯河| 玉溪| 托里| 保靖| 滴道| 霍邱| 宽甸| 台中县| 陵川| 梧州| 凯里| 沛县| 贵阳| 石阡| 桃园| 沅江| 新宾| 西丰| 白银| 友好| 丰县| 开阳| 广南| 中方| 创业
LINE

Text:AAAPrint
Business

China needs $1.3 trln worth of planes as it becomes the world's No. 1 market

1
2019-09-20 10:18:17CGTN Editor : Mo Hong'e ECNS App Download
武汉论坛 九州局势的变幻与少年们的命运已经紧密联系在一起,心系北陆的吕归尘、向往自由的羽然、重情重义的姬野,他们的选择也牵动着九州的未来。 宠物论坛 刚好都符合生物多样性。 宠物论坛 2019-08-1618:03人类命运共同体理念贡献给世界的“大国智慧”“大国方案”,更需要“大国话语”来为其保驾护航。 武汉女人 上村 论坛资讯 省军区 论坛资讯 山下金

In one decade, the Chinese aviation market will become the world's largest aviation market, says Boeing Commercial Market Outlook. The report released on Tuesday adds that China will need a total of 8,090 new airplanes over the next 20 years, the largest share of any country in the world.

The total number includes 5,960 single-aisle planes, 1,780 widebody, 120 regional jets, and 230 freighters. Boeing notes a 4.5 percent fleet growth by 2038, from 3,890 planes in 2018 to 9,330 in 2038.

If the prognostics become true, China would pay around 2.9 trillion U.S. dollars: 1.3 trillion in the new aircraft and an additional 1.6 trillion in services, including maintenance and engineering, training, marketing, and ground handling.

"Currently, Chinese airlines compromise 15 percent of global traffic and worldwide fleet. The traffic and fleet shares will increase to 18 percent over the next decade and beyond," says Boeing.

Middle-class consumers push the economy

The American company expects a six percent traffic growth in the next two decades and stresses that the key fundamental driver for passenger growth is the nation's continuing economic prosperity, with the economy growing at an average rate of 7.6 percent in the last decade.

According to the report, China's middle class tripled in the past 10 years and it's expected to double in the next decade. "Growth in middle-class consumers, comprising more than 30 percent of the total population, is also pushing China towards a more consumption-driven economy. Consumer spending growth is a key driver of passenger travel demand."

This push from the middle-class is helping China achieve another aviation milestone. Boeing states that "it took 34 years (1965– 1999) for the U.S. market to go from 100 billion to one trillion RPKs (Revenue Passenger Kilometers). In China, this same milestone was attained in just 17 years. At projected growth rates, China will reach 1.5 trillion RPKs in the next three years."

This breakthrough is achieved with lower per capita income levels (in purchasing power parity terms) indicating that air travel today has become far more affordable and accessible, notes the Chicago-based aircraft maker. 

China-Middle East connections on the rise

According to the passenger traffic flow ranking comprised by 41 general route flows, the intra-China flow occupied the fourth place in 2008 with 237 billion in RPK (the number of kilometers traveled by paying passengers). By 2018, it had reached third place with 801 billion in RPK and by 2028 it will have grasped the first place with 1,740 billion in RPK. Until 2038, the prospect is that traveler flow within China will remain in the first place with an estimated RPK of 2,648 billion.

Data shows that the China-Middle East traffic flow might have one of the biggest positive developments. These routes will move from the second-to-last place (40th) to number 17, meaning an RPK increase from 11 billion in 2008 to 305 billion by 2038.

Only intra-South Asia will see a similar and flagrant evolution from the 31st position (40 billion RPK in 2008) to the eighth in 2038 with 574 million in RPK.

The ranking shows that by 2038, the China-Europe flow will occupy 12th place; followed by the China-North America in 15th; and China-Northeast Asia and China-Oceania flow in 30 and 31 places, respectively.

Talent pipeline

With the Chinese aviation market booming, internally and internationally, there will be a need for a strong talent pipeline.

Boeing says that cadet pilot training and maintenance apprenticeship programs will be key drivers of a 35 billion U.S. dollars training market.

New personnel demand will reach 398.000 people, including 124.000 pilots and 150.000 cabin crew members. 

China's C919 in intensive test flights

But China is not only relying on international manufacturers to meet internal demand. The country is also developing and betting on its own player, the C919 passenger airplane made by domestic aircraft manufacturer Commercial Aircraft Corp. of China (COMAC).

The C919, China's first homegrown trunk jetliner, conducted a successful maiden flight on May 5, 2017, at Shanghai Pudong International Airport. Since then, many prototypes have been tested. On August 1, the fourth C919 prototype completed its first test flight mission.

Until the end of the year, six C919 prototypes will be subjected to intensive test flights, and two more will join the fleet.

COMAC has already received 815 orders from 28 customers worldwide. 

Related news

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
ECNS Wire
Biz
Economy
Travel
Photo
CNS Photo
Video
Video
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
麻辣鲤鱼 龙安乡 石柱 新光华街 国营浩特陶海牧场 王家岔乡 阁老峪村 特立尼达和多哥巴 党校
山椒坑 才元东村委会 南星 汝城县 刘胡兰镇 元疃镇 金华山 新添堡回族乡 华昌道华馨公寓
望君疃村 翠竹小区 前韩胡同村委会 安哈镇 六教 兴都苑小区 广东省 双王街道 大草厂胡同 南海区
https://www.whr.cc/bbsitemap.htm