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Airshow - China Will Need Almost 6,000 New Aircraft in the Next 20 Years

Nov 28,2016

Airbus forecasts that China will need nearly 6,000 new passenger aircraft and freighters from 2016 to 2035, with a total market value of US$945 billion. It represents 18 percent of the world total demand for over 33,000 new aircraft in the next 20 years.

According to Airbus' 2016-2035 Global Market Forecast, new deliveries of passenger and freight aircraft for China will be 5,970 over the next 20 years, including 4,230 single aisle aircraft, and 1,740 wide-body aircraft.

China will become the lead country for passenger air traffic, for both domestic and international markets as the passenger traffic in China will grow well above the world average, forecast to grow at 6.8% over the next 20 years, and will be the focal point for five of the top twenty traffic flows worldwide.

With aviation continuing to prove an extremely efficient way to move people and goods around the country, domestic air traffic in China will become the world's number one traffic flow growing over three times from today's already impressive levels. Flows between China and the U.S., Europe and Asia are expected to be amongst the fastest growing globally, with average annual growth rates 6.8%, 5.3% and 6.7% respectively. Between 2015 and 2035, the average annual growth rate for all international traffic from/to mainland China is forecast to be 6.7 per cent.

"Domestic passenger traffic in Mainland China has quadrupled over the last 10 years, and is set to become the world's number one aviation market," said John Leahy, Airbus Chief Operating Officer Customers. "Airbus' share of the in-service fleet of aircraft over 100 seats on the Chinese mainland stands at 50%, with 55% of the Chinese widebody fleet today Airbus aircraft. In the next 20 years, the greatest demand for passenger aircraft will come from China." he added.

Huge demand for aircraft in China market further promote the development of aircraft manufacturing industry. The projects such as A330 Complete & Delivery Center in Tianjin, B737 Complete & Delivery Center in Zhoushan, widebody aircraft between COMAC and UAC are aimed at meet the market demand. Hosted by CASS (Chinese Society of Aeronautics and Astronautics) and co-organized by COMAC, Civil Aircraft Industry International Forum 2017 will be taken place on May 10th - 11th, 2017 in Shanghai, China, which will be focusing on China aircraft projects and exploring new manufacturing technologies. CAIIF 2017 will offer the participants an untrammeled platform of information communication, technologies share and projects cooperation.To figure out more, please do not hesitate to contact Olivia Liu, marketing@galleon.cc

News Source: China Aviation Daily

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