. Energy News .




.
AEROSPACE
China will need 5,000 new planes by 2030: Boeing
by Staff Writers
Beijing (AFP) Sept 7, 2011

US aviation giant Boeing said Wednesday it estimated China would need 5,000 new planes worth $600 billion by 2030, as growing wealth among the middle class triggers an air travel boom.

Randy Tinseth, vice president of marketing for Boeing's commercial airplane section, said the Seattle-based company had revised up its expectations from last year, when it predicted China would need 4,330 new planes by 2029.

Tinseth told reporters in Beijing the upgrade comes after the company enjoyed "a better year" than expected in China and also reflects greater demand for air travel among Chinese.

"Sustained strong economic growth, growing trade activities, increasing personal wealth and income, as well continued market liberalisation will be the driving forces in shaping China's air travel market," he said.

"But also, especially as we look at the international, we see an opportunity for the Chinese carriers to grow their market share."

Boeing predicts that over the next 20 years, Chinese airlines' fleet of planes will increase from the current 1,750 to 5,930.

Of the new planes, 16 percent will be replacements for ageing aircraft and 84 percent extra purchases, Tinseth said.

China's air travel is booming. A total of 267 million air passenger trips were recorded in the country in 2010, up 15.8 percent from the previous year, official figures show.

"We are becoming more Asia-centric," said Tinseth.

"For the first time last year, the North American travel market was surpassed by travel within the Asia-Pacific (region)... China will account for more than 40 percent of demand in the Asia Pacific" over the next 20 years, he added.

He said Boeing had no plans to set up an assembly factory in China, unlike its European rival Airbus which already operates a plant for A320 planes in the northern city of Tianjin.

Tinseth said Boeing aimed to maintain its 51 to 52 percent share of the Chinese market.

But the planned launch of the China-made C919 commercial plane in 2016 could make this difficult, as it will compete directly with the Boeing 737 and Airbus 320.

Related Links
Aerospace News at SpaceMart.com




 

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



AEROSPACE
IATA says July air traffic up but warns of gloomy outlook
Geneva (AFP) Sept 1, 2011
Air passenger traffic rose by 5.9 percent in July on a 12-month basis, but the cloudy economic outlook and high fuel prices could lead to weak growth in 2011, industry association IATA said on Thursday. "This (July) increase was likely based on the much more optimistic economic outlook that marked the beginning of the year," Tony Tyler, the director general of the International Air Transport ... read more


AEROSPACE
Europe Takes Step Toward Detecting Gravitational Waves

UA Teams Selected for Zero Gravity Flights

AEROSPACE
CPV conference hopes to further technology

Calisolar opening new facility to expand solar silicon production

Dow Introduces ENLIGHT DC-8300 Coolant for Diamond Wire Ingot Squaring

Saint-Gobain Solar Showcases SOLGLIDE M and SOLGLIDE T Bearings

AEROSPACE
First market report on High Altitude Wind Energy

Researchers build a tougher, lighter wind turbine blade

Wind Power Now Less Expensive Than Natural Gas In Brazil

BMW to power Leipzig factory by wind energy

AEROSPACE
Uncertain trends mar Argentine energy plan

Japan to lift power-saving decree earlier than planned

Kyoto team suspends Romania from carbon market

Romanian official quits after carbon market suspension

AEROSPACE
Philippines invests to protect South China Sea

Italy's ENI leads race for Libya oil deals

Brazil natives call on Shell to leave ancestral lands

China orders probe into ConocoPhillips oil spill

AEROSPACE
The diamond planet

Greenhouse Effect Could Extend Habitable Zone

A Planet Made of Diamond

Astronomers Find Ice and Possibly Methane on Snow White

AEROSPACE
China sea power concerns new Japan foreign minister

Israel, Iran deploy warships in Red Sea

Aussie MU90 torpedo in rough seas, again

China says aircraft carrier 'attained objectives'

AEROSPACE
Microbe Risk When Rover Wheels Hit Martian Dirt

Finishing Work at Tinsdale 2

Rare martian lake delta spotted by Mars Express

Opportunity Begins Study of Martian Crater


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement