China to purchase 2,900 planes in 20 years
Updated: 2006-10-25 16:31
Details of Tianjin assembly line likely very soon
Boeing to grow with China's aviation
Shanghai -- China's airline operators plan to spend
US$280 billion to purchase 2,900 new airplanes over the next 20 years,
according to a forecast made by the Boeing Company on Wednesday.
A visitor looks at
a model of Boeing 787 Dreamliner in Shanghai, east China, on Thursday
October 19, 2006. Boeing 787 Dreamnliner is a kind of plane under
development currently and Chinese airlines have ordered 60 Boeing 787
freighters in all, Xinhua News Agency reported.
By 2025, China will become the
world's fastest-growing airplane market and the world's second biggest civil
airplane market after the United States, said the Boeing report.
the rapid expansion of travel and cargo market, the number of airplanes in China
will quadruple to 3,900 in 2025.
Randy Baseler, vice president of the
Boeing Commercial Airplanes, estimated that the aviation market in China will
expand at an annual rate of 9 percent in the coming years.
Since 1990, the
number of flights in China has increased by 13 times, but the number of
airplanes has not kept pace, said Baseler.
The world airline operators
will invest US$2.6 trillion in total in the coming two decades to purchase
27,000 new civil airplanes, said the Boeing report.
In a recent
development, the Avibras, a Brazil-based regional airplane producer said here on
Tuesday that over the next twenty years China will need 590 regional airplanes
capable of carrying between 30 passengers to 120